Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,477,619 shares of the company’s stock after buying an additional 32,288 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.53% of Marriott International worth $412,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MAR. Sound Income Strategies LLC boosted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the third quarter worth $33,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the fourth quarter valued at $33,000. ORG Partners LLC raised its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in Marriott International during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $271.10 on Thursday. The firm has a fifty day moving average price of $282.47 and a two-hundred day moving average price of $268.41. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The company has a market cap of $74.74 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio is 30.29%.

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares of the company’s stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the sale, the director now 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. In the last three months, insiders sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MAR. Wells Fargo & Company reduced their price target on shares of 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. Mizuho raised their price target on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley increased their price objective on Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group lifted their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and a consensus price target of $286.45.

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.