Envestnet Portfolio Solutions Inc. Purchases 285 Shares of Marriott International, Inc. (NASDAQ:MAR)

Envestnet Portfolio Solutions Inc. grew its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,606 shares of the company’s stock after purchasing an additional 285 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Marriott International were worth $2,401,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MAR. Choate Investment Advisors increased its position in shares of Marriott International by 2.4% during the fourth quarter. Choate Investment Advisors now owns 3,575 shares of the company’s stock valued at $997,000 after acquiring an additional 84 shares during the last quarter. Natixis Advisors LLC boosted its stake in Marriott International by 5.0% during the fourth quarter. Natixis Advisors LLC now owns 295,473 shares of the company’s stock valued at $82,419,000 after buying an additional 13,974 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in Marriott International during the fourth quarter valued at $1,012,000. Atala Financial Inc bought a new stake in Marriott International during the fourth quarter valued at $3,846,000. Finally, JPL Wealth Management LLC bought a new stake in Marriott International during the fourth quarter worth about $463,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ:MAR opened at $244.84 on Friday. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business has a fifty day moving average price of $276.20 and a 200-day moving average price of $269.79.

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 negative return on equity of 116.67% and a net margin of 9.46%. On average, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.03%. Marriott International’s payout ratio is presently 30.29%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Argus lifted their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Stifel Nicolaus upped their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Susquehanna upped their target price on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Barclays dropped their price target 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. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $286.45.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 14,498 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the 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 completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company’s stock.

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.