Rhumbline Advisers Has $104.84 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Rhumbline Advisers raised its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440,117 shares of the company's stock after acquiring an additional 8,373 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Marriott International worth $104,836,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Marriott International during the 4th quarter worth about $580,922,000. Wellington Management Group LLP increased its stake 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 worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the period. GAMMA Investing LLC lifted its holdings in Marriott International by 23,923.3% during the 1st quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock worth $174,360,000 after purchasing an additional 728,942 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Marriott International in the 4th quarter valued at $165,162,000. Finally, Invesco Ltd. increased its position in Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after buying an additional 512,963 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Up 0.3%

NASDAQ MAR traded up $0.70 on Thursday, hitting $262.63. The company's stock had a trading volume of 265,412 shares, compared to its average volume of 1,601,756. The company's 50-day moving average is $244.40 and its 200 day moving average is $265.82. The firm has a market cap of $71.93 billion, a PE ratio of 31.53, a PEG ratio of 3.42 and a beta of 1.42. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted 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. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the business posted $2.13 earnings per share. Marriott International's quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, May 23rd. This is an increase from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 1,000 shares of Marriott International 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 now owns 20,724 shares in the company, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $3,166,800.00. Following the completion of the sale, the chief executive officer now directly owns 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Marriott International from $283.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Morgan Stanley lowered their target price on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird boosted their price target 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, Susquehanna lifted their price objective on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Thirteen investment 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 company's stock. According to MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and a consensus price target of $275.15.

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.