Invesco LLC Acquires 211 Shares of Marriott International, Inc. (NASDAQ:MAR)

Invesco LLC grew its stake in Marriott International, Inc. (NASDAQ:MAR) by 13.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,834 shares of the company’s stock after acquiring an additional 211 shares during the quarter. Invesco LLC’s holdings in Marriott International were worth $437,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MAR. Hopwood Financial Services Inc. purchased a new position in Marriott International during the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. purchased a new stake in Marriott International in the fourth quarter valued at $25,000. Bell Investment Advisors Inc boosted its holdings in Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Marriott International in the 4th quarter valued at about $34,000. Finally, Sound Income Strategies LLC grew its holdings in Marriott International by 46.7% during the first quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock worth $37,000 after acquiring an additional 50 shares during the period. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MAR. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a report on Monday. They set a “neutral” rating and a $284.00 price target on the stock. Morgan Stanley dropped their target price on Marriott International from $275.00 to $267.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group raised Marriott International from a “hold” rating to a “buy” rating and upped their price target for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Robert W. Baird boosted their price objective on Marriott International from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Finally, Mizuho decreased their target price on Marriott International from $293.00 to $285.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Marriott International currently has an average rating of “Moderate Buy” and a consensus target price of $275.90.

Insider Buying and Selling

In other news, EVP Benjamin T. Breland sold 1,000 shares of the business’s stock in a transaction dated 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 $5,599,832.04. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony Capuano sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the transaction, the chief executive officer now owns 124,067 shares in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is owned by company insiders.

Marriott International Stock Up 1.5%

Shares of NASDAQ:MAR opened at $264.11 on Tuesday. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The stock has a market cap of $72.34 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 3.21 and a beta of 1.42. The firm’s 50 day moving average price is $253.70 and its 200 day moving average price is $263.29.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the business earned $2.13 EPS. Marriott International’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.01%. This is a boost from Marriott International’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. Marriott International’s payout ratio is presently 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.