Global Assets Advisory LLC Increases Stake in Marriott International, Inc. (NASDAQ:MAR)

Global Assets Advisory LLC boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 162.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,268 shares of the company's stock after buying an additional 1,403 shares during the period. Global Assets Advisory LLC's holdings in Marriott International were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MAR. Wescott Financial Advisory Group LLC increased its position in shares of Marriott International by 0.6% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company's stock worth $1,549,000 after purchasing an additional 35 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Marriott International by 0.9% in the 4th quarter. Meridian Wealth Management LLC now owns 4,750 shares of the company's stock worth $1,325,000 after buying an additional 42 shares during the last quarter. Obsidian Personal Planning Solutions LLC raised its position in shares of Marriott International by 2.2% during the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after buying an additional 44 shares in the last quarter. Flputnam Investment Management Co. grew its position in Marriott International by 4.8% in the fourth quarter. Flputnam Investment Management Co. now owns 1,101 shares of the company's stock worth $307,000 after acquiring an additional 50 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in Marriott International by 2.4% during the fourth quarter. Lindbrook Capital LLC now owns 2,138 shares of the company's stock valued at $596,000 after purchasing an additional 50 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Up 1.4%

MAR traded up $3.85 during trading on Friday, reaching $273.47. The stock had a trading volume of 4,507,287 shares, compared to its average volume of 1,615,487. The company has a market capitalization of $74.90 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 3.33 and a beta of 1.42. The stock's 50 day moving average is $256.55 and its two-hundred day moving average is $263.22. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

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

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.98%. This is an increase from Marriott International's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. Marriott International's dividend payout ratio is 30.52%.

Insiders Place Their Bets

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer now directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the 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 sale, the executive vice president now directly owns 20,724 shares in the company, valued at $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,500 shares of company stock valued at $4,107,710. Insiders own 10.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAR. Robert W. Baird boosted their target price on Marriott International from $250.00 to $265.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Barclays cut their price objective on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. UBS Group lowered their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Melius Research upgraded Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Finally, Truist Financial reduced their price target 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. Thirteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $275.90.

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.