Susan C. Schwab Sells 1,054 Shares of Marriott International, Inc. (NASDAQ:MAR) Stock

Marriott International, Inc. (NASDAQ:MAR) Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now directly owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marriott International Stock Up 1.7 %

MAR opened at $282.16 on Thursday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a 50 day moving average of $283.31 and a two-hundred day moving average of $266.41. The company has a market cap of $77.79 billion, a P/E ratio of 33.91, a P/E/G ratio of 3.42 and a beta of 1.57.

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

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Institutional Trading of Marriott International

A number of hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in Marriott International by 0.8% during the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock valued at $1,945,299,000 after purchasing an additional 56,978 shares in the last quarter. Geode Capital Management LLC boosted its position in Marriott International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock valued at $1,398,321,000 after buying an additional 60,458 shares during the last quarter. Capital International Investors increased its position in shares of Marriott International by 0.3% during the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock worth $1,316,682,000 after acquiring an additional 15,923 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of 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. Finally, Invesco Ltd. boosted its holdings in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after purchasing an additional 512,963 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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 report on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Robert W. Baird increased their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and an average target price of $284.05.

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.