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

LPL Financial LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 176,805 shares of the company's stock after purchasing an additional 10,456 shares during the period. LPL Financial LLC owned approximately 0.06% of Marriott International worth $49,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Hopwood Financial Services Inc. purchased a new position in Marriott International in the fourth quarter valued at $25,000. Bell Investment Advisors Inc increased 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 purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC boosted its position in Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the fourth quarter valued at approximately $33,000. Finally, ORG Partners LLC increased its position in shares of Marriott International by 158.5% in 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 in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Down 0.4 %

Shares of Marriott International stock traded down $0.87 during mid-day trading on Monday, hitting $236.15. The stock had a trading volume of 643,014 shares, compared to its average volume of 1,498,221. The firm has a market cap of $65.10 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. The firm has a 50-day moving average of $272.32 and a two-hundred day moving average of $270.93. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

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Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International's dividend payout ratio (DPR) is presently 30.29%.

Insider Activity

In related news, insider William P. Brown sold 12,642 shares of the business's stock in a transaction 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 sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated 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 transaction, the director now directly owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This 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 have sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company's stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research analyst reports. UBS Group lifted their price target 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. Truist Financial cut their target price on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group increased their target price on Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, Argus boosted their price target on Marriott International from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $286.05.

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.