ProShare Advisors LLC Acquires 50,486 Shares of Marriott International, Inc. (NASDAQ:MAR)

ProShare Advisors LLC boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,503 shares of the company’s stock after acquiring an additional 50,486 shares during the period. ProShare Advisors LLC owned about 0.13% of Marriott International worth $97,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wescott Financial Advisory Group LLC raised its holdings in shares of Marriott International by 0.6% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 5,554 shares of the company’s stock worth $1,549,000 after acquiring an additional 35 shares during the period. TFG Advisers LLC raised its holdings in shares of Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock worth $1,235,000 after acquiring an additional 37 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock worth $918,000 after acquiring an additional 38 shares during the period. Evermay Wealth Management LLC raised its holdings in shares of Marriott International by 1.1% during the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock worth $953,000 after acquiring an additional 38 shares during the period. Finally, Essex Financial Services Inc. raised its holdings in shares of Marriott International by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock worth $838,000 after acquiring an additional 39 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of Marriott International stock opened at $271.47 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a market cap of $74.35 billion, a PE ratio of 32.63, a P/E/G ratio of 3.42 and a beta of 1.39. The business has a 50-day simple moving average of $238.62 and a 200-day simple moving average of $266.67.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.07. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. On average, sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm 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 represents a $2.68 dividend on an annualized basis and a yield of 0.99%. This is an increase from Marriott International’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. Marriott International’s dividend payout ratio is 30.52%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial reduced their price objective on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Stifel Nicolaus reduced their price objective on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. Barclays reduced their price objective on shares of Marriott International from $283.00 to $236.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets boosted their price objective on shares of Marriott International from $250.00 to $265.00 and gave the company a “market perform” rating in a report on Wednesday, May 7th. Finally, 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 report on Monday. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Marriott International has an average rating of “Moderate Buy” and an average price target of $276.60.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $270.21, for a total transaction of $270,210.00. Following the transaction, the executive vice president now directly owns 20,724 shares in the company, valued at approximately $5,599,832.04. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. This trade represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,694 shares of company stock valued at $9,208,342 over the last three months. 10.68% of the stock is owned by corporate insiders.

Marriott International Company 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.