Asset Advisors Investment Management LLC reduced its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 0.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 117,684 shares of the company’s stock after selling 528 shares during the period. Marriott International makes up 2.6% of Asset Advisors Investment Management LLC’s investment portfolio, making the stock its 12th largest holding. Asset Advisors Investment Management LLC’s holdings in Marriott International were worth $14,721,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of MAR. FDx Advisors Inc. purchased a new position in Marriott International during the 4th quarter worth $1,351,168,000. Oregon Public Employees Retirement Fund grew its position in Marriott International by 9,956.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock worth $72,000 after purchasing an additional 7,710,218 shares during the last quarter. Norges Bank purchased a new position in Marriott International during the 4th quarter worth $310,004,000. Morgan Stanley grew its position in Marriott International by 117.0% during the 3rd quarter. Morgan Stanley now owns 2,539,940 shares of the company’s stock worth $335,349,000 after purchasing an additional 1,369,478 shares during the last quarter. Finally, Zimmer Partners LP purchased a new position in Marriott International during the 4th quarter worth $51,566,000. 66.83% of the stock is currently owned by institutional investors.
Shares of NASDAQ:MAR traded up $0.99 during midday trading on Tuesday, hitting $135.36. The stock had a trading volume of 32,158 shares, compared to its average volume of 1,897,321. The company has a market cap of $45.34 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.04 and a beta of 1.22. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.83. Marriott International Inc has a 1 year low of $100.62 and a 1 year high of $142.19.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, February 28th. Marriott International’s dividend payout ratio (DPR) is 26.41%.
Several brokerages have issued reports on MAR. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of Marriott International in a report on Tuesday, February 26th. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. SunTrust Banks lifted their target price on shares of Marriott International to $137.00 and gave the company a “positive” rating in a report on Monday, March 4th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $123.00 target price on shares of Marriott International in a report on Monday, March 4th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $135.29.
In other Marriott International news, insider William P. Brown sold 11,640 shares of Marriott International stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the completion of the transaction, the insider now owns 5,704 shares in the company, valued at $693,207.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Craig S. Smith sold 16,743 shares of Marriott International stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the transaction, the insider now owns 7,754 shares of the company’s stock, valued at approximately $933,193.90. The disclosure for this sale can be found here. Insiders sold 136,730 shares of company stock valued at $16,924,619 in the last quarter. Company insiders own 12.99% of the company’s stock.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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