Mn Services Vermogensbeheer B.V. Reduces Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mn Services Vermogensbeheer B.V. cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,100 shares of the company's stock after selling 7,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Marriott International were worth $21,700,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after acquiring an additional 218 shares in the last quarter. Empowered Funds LLC increased its holdings in Marriott International by 11.8% in the 4th quarter. Empowered Funds LLC now owns 4,174 shares of the company's stock worth $1,164,000 after buying an additional 440 shares in the last quarter. Vontobel Holding Ltd. raised its position in Marriott International by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 23,734 shares of the company's stock worth $6,620,000 after buying an additional 2,661 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Marriott International by 3.4% during the 4th quarter. Blue Trust Inc. now owns 5,478 shares of the company's stock valued at $1,528,000 after acquiring an additional 178 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in Marriott International during the fourth quarter valued at approximately $293,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 1.1%

Shares of NASDAQ MAR traded up $2.92 during midday trading on Monday, hitting $257.91. The company's stock had a trading volume of 1,925,665 shares, compared to its average volume of 1,604,288. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market cap of $70.64 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42. The business's 50 day moving average is $249.62 and its two-hundred day moving average is $264.56.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly 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. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The company's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. On average, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal 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 given 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 of this dividend is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a yield of 1.04%. Marriott International's dividend payout ratio (DPR) is 30.52%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Marriott International from $295.00 to $240.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets increased their price objective on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Robert W. Baird upped their target price on shares of Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. UBS Group dropped their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company reduced their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $275.15.

Insider Transactions at Marriott International

In other news, EVP Benjamin T. Breland sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the sale, the executive vice president now directly owns 20,724 shares of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of the firm'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 transaction, the chief executive officer now owns 124,067 shares of the company's stock, valued at $32,741,281.30. This trade represents a 8.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.68% of the company's stock.

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.