Golden State Wealth Management LLC Purchases 1,014 Shares of Marriott International, Inc. (NASDAQ:MAR)

Golden State Wealth Management LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 127.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,811 shares of the company’s stock after buying an additional 1,014 shares during the period. Golden State Wealth Management LLC’s holdings in Marriott International were worth $432,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MAR. Straightline Group LLC bought a new stake in shares of Marriott International in the fourth quarter worth about $495,000. NewEdge Wealth LLC grew its position in shares of Marriott International by 34.4% in the 4th quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock valued at $1,212,000 after purchasing an additional 1,112 shares during the period. Markel Group Inc. increased its stake in Marriott International by 30.6% during the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock worth $13,110,000 after purchasing an additional 11,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Marriott International by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,477,619 shares of the company’s stock valued at $412,167,000 after buying an additional 32,288 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $463,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $269.62 on Friday. The business’s fifty day moving average price is $256.55 and its two-hundred day moving average price is $263.22. The stock has a market capitalization of $73.85 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 3.29 and a beta of 1.42. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 0.99%. Marriott International’s payout ratio is currently 30.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MAR shares. Dbs Bank raised shares of Marriott International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. initiated coverage on Marriott International in a report on Monday. They issued a “neutral” rating and a $284.00 price target on the stock. Barclays decreased their price objective on Marriott International from $283.00 to $236.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets boosted their target price on Marriott International from $250.00 to $265.00 and gave the company a “market perform” rating in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus decreased their price target on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating for the company in a research note on Wednesday, April 16th. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $275.90.

Insider Activity

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer now owns 124,067 shares of the company’s stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the transaction, the insider now directly owns 5,706 shares of the company’s stock, valued at $1,530,805.68. This trade represents a 30.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,500 shares of company stock worth $4,107,710. 10.68% of the stock is currently owned by company insiders.

Marriott International Company 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.