Baltimore Washington Financial Advisors Inc. lifted its position in shares of Marriott International Inc (NASDAQ:MAR) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,861 shares of the company’s stock after acquiring an additional 2,450 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Marriott International were worth $7,039,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of MAR. Advisory Services Network LLC lifted its stake in Marriott International by 1,490.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after purchasing an additional 1,058 shares during the last quarter. First Quadrant L P CA bought a new position in Marriott International in the 3rd quarter valued at approximately $136,000. Grove Bank & Trust lifted its stake in Marriott International by 214.8% in the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in Marriott International by 175.6% in the 3rd quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after purchasing an additional 843 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Marriott International by 28.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock valued at $158,000 after purchasing an additional 345 shares during the last quarter. 66.67% of the stock is owned by institutional investors.
Shares of Marriott International Inc (NASDAQ:MAR) traded up $0.35 during midday trading on Tuesday, reaching $139.78. 1,806,700 shares of the company’s stock traded hands, compared to its average volume of 2,417,100. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. Marriott International Inc has a 1 year low of $81.93 and a 1 year high of $140.26. The firm has a market cap of $50,810.00, a PE ratio of 37.98, a P/E/G ratio of 2.32 and a beta of 1.35.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.
Marriott International announced that its board has approved a share repurchase program on Thursday, November 9th that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Marriott International from $110.00 to $112.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $115.00 price objective (up previously from $98.00) on shares of Marriott International in a research note on Wednesday, November 8th. Barclays increased their price objective on shares of Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Marriott International currently has an average rating of “Buy” and an average target price of $112.62.
In other news, insider Deborah Marriott Harrison sold 130,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the completion of the sale, the insider now directly owns 114,155 shares in the company, valued at $13,603,851.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Bruce W. Duncan sold 1,808 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $129.70, for a total transaction of $234,497.60. Following the completion of the sale, the director now owns 40,008 shares of the company’s stock, valued at $5,189,037.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,825 shares of company stock valued at $27,378,820. 11.32% of the stock is currently owned by corporate 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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