Marriott International, Inc. (NASDAQ:MAR) Position Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,790 shares of the company's stock after acquiring an additional 3,485 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.08% of Marriott International worth $59,077,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MAR. Hopwood Financial Services Inc. purchased a new position in Marriott International in the fourth quarter worth approximately $25,000. Bernard Wealth Management Corp. purchased a new position in Marriott International in the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc lifted its stake in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after acquiring an additional 55 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after buying an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Marriott International during the 4th quarter worth approximately $33,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAR has been the subject of several recent analyst reports. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a research report on Monday, April 21st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $245.00 price target (down previously from $313.00) on shares of Marriott International in a research report on Monday, April 14th. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Morgan Stanley reduced their price target on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial reduced their price target on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Thirteen equities research 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $276.60.

Marriott International Stock Up 0.6%

Shares of MAR stock traded up $1.76 during trading hours on Friday, hitting $273.23. 1,235,005 shares of the company were exchanged, compared to its average volume of 1,606,277. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a fifty day moving average of $239.16 and a 200 day moving average of $266.75. The firm has a market cap of $74.84 billion, a PE ratio of 32.84, a PEG ratio of 3.42 and a beta of 1.39.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter last year, the firm posted $2.13 earnings per share. Marriott International's revenue for the quarter was up 4.8% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.67 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Marriott International's previous quarterly dividend of $0.63. Marriott International's dividend payout ratio (DPR) is currently 30.52%.

Insider Activity

In other news, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now owns 30,919 shares of the company's stock, valued at approximately $8,831,393.97. This trade represents a 29.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,694 shares of company stock worth $9,208,342 over the last 90 days. Company 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.