Charles Schwab Investment Management Inc. Has $359.31 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Charles Schwab Investment Management Inc. trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 1,445,331 shares of the company’s stock after selling 15,555 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Marriott International were worth $359,309,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank increased its stake in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Marriott International during the second quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International in the second quarter worth $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the 3rd quarter valued at $31,000. Finally, Darwin Wealth Management LLC bought a new stake in Marriott International in the 3rd quarter valued at $33,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.3 %

Shares of NASDAQ:MAR opened at $284.29 on Friday. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.04. The stock has a market capitalization of $79.00 billion, a P/E ratio of 29.74, a P/E/G ratio of 5.58 and a beta of 1.58. The business has a 50-day moving average price of $261.88 and a two-hundred day moving average price of $243.34.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s payout ratio is currently 26.36%.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,108 shares of company stock worth $3,434,439 in the last ninety days. Company insiders own 12.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Morgan Stanley dropped their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Finally, Wells Fargo & Company increased their target price on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $259.00.

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.