Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,956 shares of the company's stock after acquiring an additional 19,332 shares during the quarter. Voya Investment Management LLC's holdings in Marriott International were worth $23,140,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MAR. FMR LLC grew its position in shares of Marriott International by 0.8% in the 4th quarter. FMR LLC now owns 6,973,897 shares of the company's stock worth $1,945,299,000 after buying an additional 56,978 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Marriott International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company's stock worth $1,398,321,000 after purchasing an additional 60,458 shares in the last quarter. Capital International Investors lifted its holdings in shares of Marriott International by 0.3% during the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company's stock valued at $1,316,682,000 after purchasing an additional 15,923 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Marriott International by 50.8% in the 4th 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 in the last quarter. 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 valued at $967,662,000 after buying an additional 512,963 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Trading Up 1.9 %

NASDAQ:MAR traded up $4.64 during trading hours on Friday, reaching $248.59. 521,904 shares of the company were exchanged, compared to its average volume of 1,582,211. The stock's 50-day moving average is $240.76 and its 200-day moving average is $266.77. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The firm has a market cap of $68.60 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's payout ratio is 30.29%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Melius Research upgraded shares of Marriott International to a "strong-buy" rating in a report on Monday, April 21st. Susquehanna lifted their price objective on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. UBS Group upped their target price on Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Finally, 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 note on Wednesday, April 16th. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $273.10.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock worth $8,938,132 over the last three months. 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.