Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Increased by NBC Securities Inc.

NBC Securities Inc. grew its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 53,700.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,614 shares of the company's stock after acquiring an additional 1,611 shares during the quarter. NBC Securities Inc.'s holdings in Marriott International were worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust increased its stake in Marriott International by 4.7% during the first quarter. American National Bank & Trust now owns 34,048 shares of the company's stock worth $8,110,000 after acquiring an additional 1,513 shares during the last quarter. Czech National Bank increased its stake in Marriott International by 5.1% during the first quarter. Czech National Bank now owns 52,558 shares of the company's stock worth $12,519,000 after acquiring an additional 2,548 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Marriott International by 1.9% in the first quarter. Rhumbline Advisers now owns 440,117 shares of the company's stock valued at $104,836,000 after buying an additional 8,373 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Marriott International by 6.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,864 shares of the company's stock valued at $1,397,000 after buying an additional 354 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Marriott International by 2.9% in the first quarter. Parallel Advisors LLC now owns 2,798 shares of the company's stock valued at $667,000 after buying an additional 79 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Up 2.2%

NASDAQ:MAR traded up $5.82 during trading hours on Friday, reaching $265.63. 986,735 shares of the stock were exchanged, compared to its average volume of 1,603,145. The firm has a 50 day simple moving average of $245.38 and a 200-day simple moving average of $265.47. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock has a market capitalization of $72.75 billion, a P/E ratio of 31.93, a P/E/G ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the business posted $2.13 EPS. Marriott International's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be issued a $0.67 dividend. 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 dividend yield of 1.01%. Marriott International's dividend payout ratio (DPR) is 30.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MAR shares. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and increased their target price for the company from $226.00 to $303.00 in a research note on Monday, May 12th. BMO Capital Markets increased their target price on Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Robert W. Baird increased their target price on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $245.00 target price (down previously from $313.00) on shares of Marriott International in a research note on Monday, April 14th. Thirteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $275.15.

Insider Buying and Selling

In related news, 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 sale, the executive vice president now owns 20,724 shares of the company's stock, valued at approximately $5,599,832.04. This trade represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer now directly owns 124,067 shares in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.68% of the company's stock.

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.