Robeco Institutional Asset Management B.V. Increases Position in Marriott International, Inc. (NASDAQ:MAR)

Robeco Institutional Asset Management B.V. increased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 757.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,277 shares of the company's stock after purchasing an additional 214,023 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Marriott International worth $57,710,000 as of its most recent SEC filing.

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

Marriott International Trading Up 1.4%

NASDAQ:MAR opened at $269.62 on Friday. The company's 50-day moving average price is $256.55 and its 200-day moving average price is $263.22. The company has a market cap of $73.85 billion, a P/E ratio of 30.71, a P/E/G ratio of 3.29 and a beta of 1.42. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

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

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a $0.67 dividend. This is a boost 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 0.99%. Marriott International's dividend payout ratio is 30.52%.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider now directly owns 5,706 shares in the company, valued at $1,530,805.68. This trade represents a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock worth $4,107,710 in the last 90 days. Insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MAR shares. Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $226.00 to $303.00 in a research report on Monday, May 12th. Melius Research raised shares of Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. The Goldman Sachs Group restated a "neutral" rating and set a $245.00 target price (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Stifel Nicolaus reduced their price target on Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Finally, Truist Financial cut their price objective 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Marriott International presently has an average 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.

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