JPL Wealth Management LLC Invests $463,000 in Marriott International, Inc. (NASDAQ:MAR)

JPL Wealth Management LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,660 shares of the company's stock, valued at approximately $463,000.

Other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $25,000. Bell Investment Advisors Inc raised its stake in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after buying an additional 55 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after buying an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $33,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Marriott International in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Performance

Marriott International stock traded up $5.00 during trading hours on Monday, reaching $248.11. 1,971,913 shares of the company's stock traded hands, compared to its average volume of 1,413,354. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm has a market capitalization of $68.40 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 3.42 and a beta of 1.58. The firm's 50 day moving average is $278.37 and its 200-day moving average is $269.96.

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Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company 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 $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. Marriott International's dividend payout ratio is 30.29%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAR. Morgan Stanley upped their target price 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. Susquehanna upped their target price on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Stifel Nicolaus upped their target price on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a report on Tuesday, November 26th. Mizuho upped their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $286.45.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. This trade represents a 29.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last ninety days. Company insiders own 12.32% of the company's stock.

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.