InTrack Investment Management Inc Buys 2,118 Shares of Marriott International, Inc. (NASDAQ:MAR)

InTrack Investment Management Inc increased its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 188.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,244 shares of the company's stock after buying an additional 2,118 shares during the quarter. InTrack Investment Management Inc's holdings in Marriott International were worth $773,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MAR. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International during the fourth quarter worth $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International during the fourth quarter worth $25,000. Bell Investment Advisors Inc raised its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Marriott International during the fourth quarter valued at $33,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Marriott International during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Trading Down 3.1%

NASDAQ:MAR traded down $8.24 during mid-day trading on Friday, hitting $254.99. 1,783,060 shares of the company's stock traded hands, compared to its average volume of 1,603,000. The firm has a 50 day moving average of $249.62 and a two-hundred day moving average of $264.70. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The firm has a market capitalization of $69.84 billion, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This is an increase from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. This represents a $2.68 annualized dividend and a yield of 1.05%. Marriott International's dividend payout ratio is presently 30.52%.

Analyst Ratings Changes

MAR has been the topic of several recent analyst reports. BMO Capital Markets upped their price target on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group reissued a "neutral" rating and set a $245.00 price target (down from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Stifel Nicolaus dropped their target price on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Truist Financial dropped their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Finally, Barclays dropped their target price on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $275.15.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the sale, the chief executive officer now owns 124,067 shares in the company, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the sale, the executive vice president now owns 20,724 shares of the company's stock, valued at $5,599,832.04. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is owned by corporate insiders.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.