1,660 Shares in Marriott International, Inc. (NASDAQ:MAR) Acquired by JPL Wealth Management LLC

JPL Wealth Management LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,660 shares of the company’s stock, valued at approximately $463,000.

Several other large investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of Marriott International in the third quarter valued at approximately $97,000. Venturi Wealth Management LLC lifted its holdings in shares of Marriott International by 37.5% in the third quarter. Venturi Wealth Management LLC now owns 275 shares of the company’s stock valued at $68,000 after purchasing an additional 75 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in Marriott International by 36.7% during the third quarter. Rakuten Securities Inc. now owns 387 shares of the company’s stock worth $96,000 after acquiring an additional 104 shares during the period. Finally, Savvy Advisors Inc. lifted its holdings in Marriott International by 3.8% during the third quarter. Savvy Advisors Inc. now owns 2,236 shares of the company’s stock worth $556,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Trading Down 1.0 %

MAR stock opened at $243.81 on Thursday. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The stock has a market capitalization of $67.22 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The stock’s 50 day simple moving average is $279.75 and its 200 day simple moving average is $269.47.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is currently 30.29%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAR. Morgan Stanley raised their target price on Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their target price on Marriott International from $285.00 to $277.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group lifted their price target on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Argus lifted their price target on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $286.45.

Insider Transactions at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 in the last ninety days. 12.32% of the stock is currently 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.