Focus Partners Advisor Solutions LLC Increases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Focus Partners Advisor Solutions LLC raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,232 shares of the company's stock after buying an additional 1,935 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Marriott International were worth $3,691,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Marriott International in the 4th quarter worth approximately $580,922,000. Wellington Management Group LLP raised its holdings in shares of Marriott International by 50.8% during 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 acquiring an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Marriott International in the fourth quarter worth $165,162,000. Invesco Ltd. boosted its holdings 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 acquiring an additional 512,963 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in Marriott International by 36,564.5% in the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock worth $100,636,000 after purchasing an additional 359,795 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Up 2.7%

Shares of NASDAQ:MAR traded up $7.05 on Tuesday, hitting $264.75. 397,417 shares of the company traded hands, compared to its average volume of 1,604,702. The company has a market cap of $72.51 billion, a PE ratio of 31.84, a PEG ratio of 3.42 and a beta of 1.39. The stock has a 50 day simple moving average of $241.50 and a 200-day simple moving average of $266.56. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Marriott International's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.01%. 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 (DPR) is currently 30.52%.

Insiders Place Their Bets

In other Marriott International news, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the transaction, the executive vice president now owns 20,724 shares in the company, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

MAR has been the topic of a number of research reports. Truist Financial cut their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Mizuho reduced their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. UBS Group lowered their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, BMO Capital Markets upped 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. Thirteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $276.50.

Marriott International Profile

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.