Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 176,805 shares of the company’s stock after buying an additional 10,456 shares during the period. LPL Financial LLC’s holdings in Marriott International were worth $49,318,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Marriott International by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after acquiring an additional 32,288 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Marriott International by 4.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after purchasing an additional 46,563 shares during the period. Janus Henderson Group PLC increased its position in shares of Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after buying an additional 47,551 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Marriott International during the 4th quarter valued at approximately $165,162,000. Finally, PointState Capital LP acquired a new stake in Marriott International in the 3rd quarter valued at $98,249,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MAR. JPMorgan Chase & Co. increased their price objective 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 lifted their price objective on Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Barclays decreased their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Truist Financial dropped their price target on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Finally, Wells Fargo & Company lowered their target price on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus target price of $286.05.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International 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 in the company, valued at approximately $3,971,395.74. The trade was a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,694 shares of company stock valued at $8,938,132. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Stock Down 0.9 %

NASDAQ:MAR opened at $244.45 on Friday. The company has a market capitalization of $67.39 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The stock’s fifty day moving average is $273.13 and its two-hundred day moving average is $270.25.

Marriott International (NASDAQ:MAR) last announced its 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%. Sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared 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 of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. Marriott International’s dividend payout ratio is currently 30.29%.

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.