Invesco Ltd. Acquires 512,963 Shares of Marriott International, Inc. (NASDAQ:MAR)

Invesco Ltd. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 17.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,469,070 shares of the company's stock after purchasing an additional 512,963 shares during the quarter. Invesco Ltd. owned about 1.25% of Marriott International worth $967,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Marriott International in the 4th quarter worth approximately $580,922,000. Wellington Management Group LLP boosted its holdings in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after acquiring an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth $165,162,000. Proficio Capital Partners LLC raised its position in shares of Marriott International by 36,564.5% in the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company's stock worth $100,636,000 after purchasing an additional 359,795 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company's stock worth $106,339,000 after purchasing an additional 294,898 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays decreased their target price on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Truist Financial lowered their price objective on Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Susquehanna boosted their price target on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their target price on shares of Marriott International from $295.00 to $226.00 and set a "hold" rating on the stock in a research note on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $282.60.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William P. Brown sold 12,642 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 over the last 90 days. Corporate insiders own 12.32% of the company's stock.

Marriott International Stock Performance

Shares of NASDAQ MAR traded up $2.30 during midday trading on Friday, reaching $225.22. The stock had a trading volume of 2,013,785 shares, compared to its average volume of 1,568,203. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The stock has a 50-day moving average of $257.79 and a 200-day moving average of $269.36. The company has a market capitalization of $62.15 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 3.42 and a beta of 1.42.

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

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, February 27th. Marriott International's payout ratio is currently 30.29%.

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.