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

Envestnet Portfolio Solutions Inc. boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,606 shares of the company’s stock after purchasing an additional 285 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Marriott International were worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MAR. Raymond James Financial Inc. purchased a new position in shares of Marriott International during the fourth quarter worth approximately $165,162,000. PointState Capital LP purchased a new position in Marriott International during the third quarter valued at approximately $98,249,000. Proficio Capital Partners LLC increased its holdings in Marriott International by 36,564.5% during the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock valued at $100,636,000 after buying an additional 359,795 shares during the period. Assenagon Asset Management S.A. increased its holdings in Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after buying an additional 294,898 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Marriott International by 35,705.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 241,686 shares of the company’s stock valued at $71,681,000 after buying an additional 241,011 shares during the period. Institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 30,919 shares of the company’s stock, valued at $8,831,393.97. The trade was a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business’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 sale, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. Company insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MAR shares. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a report on Tuesday, February 4th. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group lifted their price target 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. Mizuho lifted their price target 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, Morgan Stanley lifted their price target 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $286.45.

Marriott International Price Performance

NASDAQ MAR opened at $244.84 on Friday. The company has a market capitalization of $67.50 billion, a PE ratio of 29.43, a P/E/G ratio of 3.42 and a beta of 1.58. The company has a fifty day moving average of $276.20 and a 200 day moving average of $269.79. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping 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%. Research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 1.03%. Marriott International’s dividend payout ratio (DPR) is currently 30.29%.

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.