Cetera Advisor Networks LLC lifted its position in shares of Marriott International Inc (NASDAQ:MAR) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,378 shares of the company’s stock after buying an additional 493 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Marriott International were worth $1,539,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockland Trust Co. grew its holdings in Marriott International by 2.4% in the second quarter. Rockland Trust Co. now owns 5,058 shares of the company’s stock worth $710,000 after purchasing an additional 118 shares during the period. WINTON GROUP Ltd acquired a new stake in Marriott International in the second quarter worth $22,390,000. Carroll Financial Associates Inc. grew its holdings in Marriott International by 9.6% in the second quarter. Carroll Financial Associates Inc. now owns 1,763 shares of the company’s stock worth $247,000 after purchasing an additional 155 shares during the period. Calton & Associates Inc. acquired a new stake in Marriott International in the second quarter worth $210,000. Finally, New England Research & Management Inc. acquired a new stake in Marriott International in the second quarter worth $203,000. Institutional investors own 63.76% of the company’s stock.
Marriott International stock opened at $135.52 on Friday. Marriott International Inc has a 1-year low of $100.62 and a 1-year high of $144.24. The firm has a market capitalization of $43.70 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 3.45 and a beta of 1.27. The firm’s fifty day moving average price is $124.89 and its two-hundred day moving average price is $130.87. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 13.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, November 20th. Marriott International’s dividend payout ratio (DPR) is 30.92%.
In related news, Director George Munoz sold 4,866 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $133.61, for a total transaction of $650,146.26. Following the transaction, the director now directly owns 6,754 shares of the company’s stock, valued at $902,401.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.60% of the stock is currently owned by company insiders.
A number of research firms have commented on MAR. BidaskClub upgraded shares of Marriott International from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Marriott International from $134.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, September 6th. BMO Capital Markets restated a “hold” rating and issued a $128.00 price target on shares of Marriott International in a report on Wednesday, November 6th. Sanford C. Bernstein began coverage on shares of Marriott International in a report on Wednesday, September 11th. They issued a “market perform” rating and a $136.00 price target for the company. Finally, Nomura reduced their price target on shares of Marriott International from $181.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $135.50.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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