Modern Wealth Management LLC Invests $243,000 in Marriott International, Inc. (NASDAQ:MAR)

Modern Wealth Management LLC purchased a new position in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 798 shares of the company’s stock, valued at approximately $243,000.

Several other large investors have also added to or reduced their stakes in MAR. Hopwood Financial Services Inc. purchased a new stake in shares of Marriott International in the 4th quarter worth about $25,000. Bell Investment Advisors Inc lifted 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 worth $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at approximately $33,000. Finally, ORG Partners LLC grew its stake in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MAR shares. JPMorgan Chase & Co. boosted their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Morgan Stanley upped their price objective on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. UBS Group lifted their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Barclays cut their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $286.05.

Insider Buying and Selling

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction dated 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 $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. This trade represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Down 3.0 %

NASDAQ MAR opened at $237.01 on Friday. The firm has a market capitalization of $65.34 billion, a P/E ratio of 28.49, a PEG ratio of 3.42 and a beta of 1.58. The company has a 50-day moving average price of $272.32 and a 200-day moving average price of $270.31. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

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

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. 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.