Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,087 shares of the company's stock after purchasing an additional 1,301 shares during the period. Crossmark Global Holdings Inc.'s holdings in Marriott International were worth $6,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAR. Norges Bank purchased a new position in Marriott International in the fourth quarter valued at about $580,922,000. Wellington Management Group LLP grew its stake in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. GAMMA Investing LLC grew its stake in Marriott International by 23,923.3% in the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock valued at $174,360,000 after purchasing an additional 728,942 shares during the last quarter. Invesco Ltd. grew its stake in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock valued at $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Marriott International by 16.3% during the fourth quarter. Northern Trust Corp now owns 2,333,994 shares of the company's stock worth $651,044,000 after acquiring an additional 327,415 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction 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 directly owned 124,067 shares in the company, valued at $32,741,281.30. This represents a 8.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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 owned 20,724 shares of the company's stock, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $4,107,710 in the last three months. 10.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MAR has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $226.00 to $303.00 in a report on Monday, May 12th. UBS Group decreased their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Truist Financial decreased their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. initiated coverage on Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price for the company. Thirteen research 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $275.90.

Marriott International Stock Up 0.8%

Shares of MAR stock traded up $2.33 during trading hours on Thursday, hitting $281.52. 826,331 shares of the company's stock were exchanged, compared to its average volume of 1,590,777. The firm has a market cap of $77.11 billion, a P/E ratio of 32.05, a P/E/G ratio of 3.45 and a beta of 1.41. The firm has a 50 day moving average of $265.07 and a two-hundred day moving average of $262.69. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a negative return on equity of 100.64% and a net margin of 9.75%. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.19 billion. During the same period in the previous year, the business earned $2.13 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 23rd were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.95%. This is a boost from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. Marriott International's payout ratio is presently 30.52%.

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.