Tilia Fiduciary Partners Inc. Has $2.37 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Tilia Fiduciary Partners Inc. increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,961 shares of the company’s stock after purchasing an additional 201 shares during the quarter. Marriott International makes up about 1.6% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its 19th largest holding. Tilia Fiduciary Partners Inc.’s holdings in Marriott International were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. OLD National Bancorp IN increased its position in shares of Marriott International by 12.8% during the first quarter. OLD National Bancorp IN now owns 1,259 shares of the company’s stock worth $300,000 after buying an additional 143 shares during the period. Constitution Capital LLC increased its position in shares of Marriott International by 81.8% during the first quarter. Constitution Capital LLC now owns 2,000 shares of the company’s stock worth $476,000 after buying an additional 900 shares during the period. Pitti Group Wealth Management LLC increased its position in shares of Marriott International by 2.8% during the first quarter. Pitti Group Wealth Management LLC now owns 2,457 shares of the company’s stock worth $585,000 after buying an additional 67 shares during the period. Cypress Wealth Services LLC increased its position in shares of Marriott International by 4.7% during the first quarter. Cypress Wealth Services LLC now owns 9,440 shares of the company’s stock worth $2,249,000 after buying an additional 423 shares during the period. Finally, Gilman Hill Asset Management LLC increased its position in shares of Marriott International by 4.9% during the first quarter. Gilman Hill Asset Management LLC now owns 18,369 shares of the company’s stock worth $4,376,000 after buying an additional 856 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Marriott International from $275.00 to $267.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. UBS Group cut their target price on shares of Marriott International from $302.00 to $299.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 21st. Susquehanna increased their target price 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. Jefferies Financial Group raised shares of Marriott International from a “hold” rating to a “buy” rating and raised their price objective for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Finally, Wells Fargo & Company dropped their price objective on shares of 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. Thirteen equities research 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 stock. According to data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and an average target price of $275.15.

Insiders Place Their Bets

In related 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 sale, the chief executive officer now directly owns 124,067 shares of the company’s stock, valued at approximately $32,741,281.30. This represents a 8.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $270.21, for a total transaction of $270,210.00. Following the sale, the executive vice president now owns 20,724 shares in the company, valued at approximately $5,599,832.04. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.68% of the company’s stock.

Marriott International Stock Up 2.2%

MAR opened at $265.63 on Friday. The firm has a 50-day moving average price of $245.38 and a 200-day moving average price of $265.47. The company has a market capitalization of $72.75 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 3.42 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) last announced 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 net margin of 9.46% and a negative return on equity of 116.67%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the business posted $2.13 earnings per share. Marriott International’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company 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 dividend of $0.67 per share. This is a positive change from Marriott International’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, May 23rd. Marriott International’s dividend payout ratio is currently 30.52%.

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.