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 the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Marriott International Stock Up 1.2 %

NASDAQ MAR opened at $280.45 on Friday. The firm has a market cap of $77.32 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 3.42 and a beta of 1.57. The company has a 50 day moving average price of $283.20 and a 200 day moving average price of $266.94. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS 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%. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be paid 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 0.90%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. FMR LLC increased its stake 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 increased its stake in Marriott International by 1.2% during 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 purchasing an additional 60,458 shares in the last quarter. Capital International Investors increased its stake in Marriott International by 0.3% during the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock valued at $1,316,682,000 after purchasing an additional 15,923 shares in the last quarter. Wellington Management Group LLP increased its stake in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Marriott International by 17.4% during the 4th 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 in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the topic of several analyst reports. UBS Group upped their price target 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. Sanford C. Bernstein boosted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Wells Fargo & Company lowered their price objective 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. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $284.05.

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.