Edgestream Partners L.P. reduced its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 59.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,414 shares of the company’s stock after selling 5,038 shares during the period. Edgestream Partners L.P.’s holdings in Marriott International were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. GM Advisory Group Inc. acquired a new position in shares of Marriott International in the fourth quarter valued at about $214,000. Baird Financial Group Inc. increased its holdings in shares of Marriott International by 1.4% in the fourth quarter. Baird Financial Group Inc. now owns 27,074 shares of the company’s stock valued at $3,675,000 after purchasing an additional 376 shares during the period. Synovus Financial Corp increased its holdings in shares of Marriott International by 1,084.9% in the fourth quarter. Synovus Financial Corp now owns 21,660 shares of the company’s stock valued at $2,940,000 after purchasing an additional 19,832 shares during the period. Valeo Financial Advisors LLC grew its holdings in Marriott International by 367.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after acquiring an additional 580 shares during the period. Finally, Mariner Wealth Advisors LLC acquired a new stake in Marriott International during the fourth quarter worth about $2,287,000. 66.19% of the stock is currently owned by institutional investors.
Marriott International Inc (NASDAQ:MAR) opened at $138.50 on Tuesday. Marriott International Inc has a 1 year low of $85.63 and a 1 year high of $149.21. The company has a market capitalization of $49,505.07, a P/E ratio of 38.47, a P/E/G ratio of 2.19 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.46 and a current ratio of 0.46.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 annualized dividend and a yield of 0.95%. Marriott International’s dividend payout ratio (DPR) is 36.67%.
Marriott International announced that its board has initiated a stock repurchase program on Thursday, November 9th that allows the company to buyback 30,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have issued reports on MAR. Evercore ISI upgraded Marriott International to an “underperform” rating in a research report on Tuesday. Deutsche Bank increased their price target on Marriott International from $136.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday. Susquehanna Bancshares reiterated a “positive” rating and set a $161.00 price target (up previously from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Barclays increased their price target on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $115.00 price target (up previously from $98.00) on shares of Marriott International in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $122.38.
In other Marriott International news, EVP Edward A. Ryan sold 5,900 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $127.22, for a total transaction of $750,598.00. Following the completion of the sale, the executive vice president now owns 61,956 shares of the company’s stock, valued at $7,882,042.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Craig S. Smith sold 5,840 shares of the firm’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the sale, the insider now directly owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,974 shares of company stock valued at $8,576,376. 11.32% of the stock is owned by insiders.
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Marriott International Company Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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