Private Trust Co. NA Purchases 809 Shares of Marriott International Inc (MAR)

Private Trust Co. NA increased its position in shares of Marriott International Inc (NASDAQ:MAR) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,716 shares of the company’s stock after buying an additional 809 shares during the period. Private Trust Co. NA’s holdings in Marriott International were worth $775,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MAR. AHL Partners LLP boosted its holdings in Marriott International by 230.4% in the second quarter. AHL Partners LLP now owns 19,615 shares of the company’s stock valued at $1,967,000 after purchasing an additional 13,679 shares in the last quarter. Numeric Investors LLC acquired a new position in Marriott International in the second quarter valued at approximately $772,000. California Public Employees Retirement System boosted its holdings in Marriott International by 0.8% in the third quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock valued at $90,786,000 after purchasing an additional 6,837 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Marriott International by 0.7% in 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 purchasing an additional 3,140 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Marriott International by 3.7% in the third quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock valued at $143,989,000 after purchasing an additional 46,517 shares in the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

A number of equities analysts recently issued reports on MAR shares. BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Sanford C. Bernstein downgraded Marriott International from an “outperform” rating to a “market perform” rating in a report on Thursday, November 16th. Stifel Nicolaus reissued a “hold” rating and issued a $132.00 price objective on shares of Marriott International in a report on Tuesday, January 9th. Barclays increased their price objective on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a 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 report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Marriott International has an average rating of “Buy” and an average target price of $112.62.

Shares of Marriott International Inc (MAR) opened at $139.12 on Wednesday. Marriott International Inc has a fifty-two week low of $82.07 and a fifty-two week high of $141.39. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $50,961.17, a P/E ratio of 37.80, a PEG ratio of 2.32 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.12. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 43.7% compared to the same quarter last year. sell-side analysts predict that Marriott International Inc will post 4.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 35.87%.

Marriott International declared that its board has initiated a stock buyback program on Thursday, November 9th that allows the company to repurchase 30,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other Marriott International news, EVP Stephanie Linnartz sold 8,333 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $122.82, for a total value of $1,023,459.06. Following the completion of the transaction, the executive vice president now owns 28,263 shares in the company, valued at $3,471,261.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deborah Marriott Harrison sold 130,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $119.17, for a total value of $15,492,100.00. Following the completion of the transaction, the insider now owns 114,155 shares of the company’s stock, valued at approximately $13,603,851.35. The disclosure for this sale can be found here. Insiders have sold 221,825 shares of company stock valued at $27,378,820 in the last 90 days. Company insiders own 11.32% of the company’s stock.

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

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