Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,031 shares of the company’s stock after purchasing an additional 52 shares during the period. Focus Financial Network Inc.’s holdings in Marriott International were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company’s stock valued at $1,945,299,000 after buying an additional 56,978 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Marriott International by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock valued at $1,398,321,000 after buying an additional 60,458 shares during the last quarter. Capital International Investors raised its position in shares of Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock valued at $1,316,682,000 after buying an additional 15,923 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after buying an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Marriott International by 17.4% in the fourth 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 during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

Marriott International stock opened at $254.99 on Friday. The company has a market cap of $69.84 billion, a PE ratio of 30.65, a P/E/G ratio of 3.42 and a beta of 1.42. The company has a fifty day moving average price of $249.62 and a two-hundred day moving average price of $264.85. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $2.13 earnings per share. Equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 23rd will be paid a dividend of $0.67 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, May 23rd. Marriott International’s payout ratio is currently 30.52%.

Insider Activity at Marriott International

In other Marriott International 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 value of $270,210.00. Following the sale, the executive vice president now directly owns 20,724 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 124,067 shares in the company, valued at $32,741,281.30. This represents a 8.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their price objective on shares of Marriott International from $300.00 to $273.00 and set a “hold” rating for the company in a report on Friday, May 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $245.00 price objective (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Mizuho dropped their price objective on shares of Marriott International from $293.00 to $285.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group raised shares of Marriott International from a “hold” rating to a “buy” rating and upped their price objective for the company from $226.00 to $303.00 in a report on Monday, May 12th. Finally, UBS Group lowered their target price on shares of Marriott International from $302.00 to $299.00 and set a “neutral” rating for the company in a research note on Wednesday, May 21st. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $275.15.

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.