Brookstone Capital Management Buys New Stake in Marriott International Inc (MAR)

Brookstone Capital Management bought a new stake in shares of Marriott International Inc (NASDAQ:MAR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,888 shares of the company’s stock, valued at approximately $256,000.

Other large investors have also made changes to their positions in the company. California Public Employees Retirement System raised its stake in shares of Marriott International by 0.8% during the third quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock valued at $90,786,000 after acquiring an additional 6,837 shares in the last quarter. Rockefeller Financial Services Inc. raised its stake in shares of Marriott International by 2,222.2% during the fourth quarter. Rockefeller Financial Services Inc. now owns 41,800 shares of the company’s stock valued at $5,674,000 after acquiring an additional 40,000 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Marriott International by 0.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 467,559 shares of the company’s stock valued at $51,553,000 after acquiring an additional 3,140 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Marriott International by 3.7% during the third quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock valued at $143,989,000 after acquiring an additional 46,517 shares in the last quarter. Finally, Asset Advisors Corp raised its stake in shares of Marriott International by 1.0% during the third quarter. Asset Advisors Corp now owns 121,972 shares of the company’s stock valued at $13,449,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 66.62% of the company’s stock.

Several research firms have recently weighed in on MAR. Susquehanna Bancshares reaffirmed a “positive” rating and set a $161.00 price target (up previously from $145.00) on shares of Marriott International in a research note on Tuesday. Royal Bank of Canada lifted their price target on shares of Marriott International to $159.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a research note on Friday, January 19th. Stifel Nicolaus reaffirmed a “hold” rating and set a $132.00 price target on shares of Marriott International in a research note on Tuesday, January 9th. Finally, BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Marriott International presently has a consensus rating of “Buy” and an average target price of $119.64.

Marriott International Inc (NASDAQ:MAR) opened at $145.24 on Thursday. The company has a market cap of $51,263.78, a P/E ratio of 34.38, a P/E/G ratio of 2.28 and a beta of 1.35. Marriott International Inc has a 12 month low of $85.63 and a 12 month high of $149.21. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. Marriott International’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. analysts forecast that Marriott International Inc will post 4.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 22nd. Marriott International’s dividend payout ratio (DPR) is 35.87%.

Marriott International declared that its Board of Directors has initiated a share repurchase program on Thursday, November 9th that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other news, insider Craig S. Smith sold 5,840 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $136.26, for a total transaction of $795,758.40. Following the transaction, the insider now directly owns 26,317 shares of the company’s stock, valued at $3,585,954.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric Hippeau sold 4,863 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $125.98, for a total value of $612,640.74. Following the transaction, the director now directly owns 34,245 shares in the company, valued at $4,314,185.10. The disclosure for this sale can be found here. Insiders sold 74,442 shares of company stock valued at $9,770,766 in the last three months. 11.32% of the stock is currently owned by insiders.

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Marriott International 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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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