PNC Financial Services Group Inc. Buys 564 Shares of Marriott International, Inc. (NASDAQ:MAR)

PNC Financial Services Group Inc. lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 443,667 shares of the company’s stock after purchasing an additional 564 shares during the period. PNC Financial Services Group Inc.’s holdings in Marriott International were worth $123,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MAR. Sound Income Strategies LLC boosted its position in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International in the 4th quarter valued at approximately $33,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the third quarter worth $33,000. Heck Capital Advisors LLC bought a new position in Marriott International in the fourth quarter worth $38,000. Finally, ORG Partners LLC lifted its position in Marriott International by 158.5% during 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 during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR stock opened at $262.75 on Friday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a fifty day moving average price of $281.57 and a 200-day moving average price of $268.95. The company has a market cap of $72.44 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 3.42 and a beta of 1.58.

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%. Equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid 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 0.96%. Marriott International’s dividend payout ratio (DPR) is presently 30.29%.

Analysts Set New Price Targets

MAR has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company cut their price target on Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group increased their price objective on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Thirteen equities 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 presently has a consensus rating of “Hold” and an average price target of $286.45.

Insider Activity

In other Marriott International news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the sale, the director now directly owns 4,551 shares of the company’s stock, valued at $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the transaction, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 in the last three months. Company insiders own 12.32% of the company’s stock.

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.