EP Wealth Advisors LLC acquired a new position in shares of Marriott International Inc (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,644 shares of the company’s stock, valued at approximately $223,000.
A number of other hedge funds also recently added to or reduced their stakes in MAR. Nationwide Fund Advisors raised its position in Marriott International by 83.3% during the third quarter. Nationwide Fund Advisors now owns 356,359 shares of the company’s stock worth $39,292,000 after acquiring an additional 161,993 shares during the last quarter. American Century Companies Inc. acquired a new position in Marriott International during the third quarter worth about $12,345,000. Alps Advisors Inc. acquired a new position in Marriott International during the third quarter worth about $566,000. Retirement Systems of Alabama raised its position in shares of Marriott International by 0.8% in the third quarter. Retirement Systems of Alabama now owns 151,771 shares of the company’s stock valued at $16,734,000 after buying an additional 1,132 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Marriott International by 0.9% in the third quarter. New York State Common Retirement Fund now owns 1,107,020 shares of the company’s stock valued at $122,060,000 after buying an additional 10,300 shares during the last quarter. 65.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marriott International Inc (NASDAQ MAR) opened at $141.73 on Friday. Marriott International Inc has a twelve month low of $87.35 and a twelve month high of $149.21. The stock has a market cap of $50,552.36, a P/E ratio of 39.37, a P/E/G ratio of 2.52 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be issued a $0.33 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.93%. Marriott International’s payout ratio is 36.67%.
In other Marriott International news, insider Stephen Blake Marriott sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $143.83, for a total transaction of $143,830.00. Following the completion of the sale, the insider now directly owns 144,601 shares in the company, valued at $20,797,961.83. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan C. Schwab acquired 250 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $141.47 per share, with a total value of $35,367.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 119,790 shares of company stock valued at $16,626,811. 11.32% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on MAR shares. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a research report on Friday, January 19th. Stifel Nicolaus reissued a “hold” rating and issued a $132.00 price objective on shares of Marriott International in a research report on Tuesday, January 9th. Sanford C. Bernstein lowered shares of Marriott International from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. Barclays boosted 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 report on Tuesday, November 28th. Finally, Deutsche Bank reissued a “hold” rating and issued a $124.00 price objective on shares of Marriott International in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $122.38.
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About Marriott International
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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