Creative Planning raised its position in shares of Marriott International Inc (NASDAQ:MAR) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,816 shares of the company’s stock after acquiring an additional 1,823 shares during the period. Creative Planning’s holdings in Marriott International were worth $4,047,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in MAR. Advisory Services Network LLC raised its position in shares of Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after buying an additional 1,058 shares during the last quarter. Grove Bank & Trust raised its position in shares of Marriott International by 214.8% during the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after buying an additional 840 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of Marriott International during the third quarter valued at about $136,000. Carroll Financial Associates Inc. raised its position in shares of Marriott International by 175.6% during the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after buying an additional 843 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Marriott International by 66.2% during the third quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock valued at $163,000 after buying an additional 590 shares during the last quarter. Institutional investors own 66.62% of the company’s stock.
In other news, Director Bruce W. Duncan sold 1,808 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $129.70, for a total transaction of $234,497.60. Following the sale, the director now directly owns 40,008 shares of the company’s stock, valued at $5,189,037.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony Capuano sold 19,510 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the sale, the executive vice president now directly owns 23,159 shares in the company, valued at $3,091,958.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,275 shares of company stock valued at $11,098,100. Company insiders own 11.32% of the company’s stock.
MAR has been the subject of a number of research analyst reports. 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 report on Thursday, October 26th. Royal Bank of Canada reissued a “buy” rating on shares of Marriott International in a research report on Tuesday, November 7th. Morgan Stanley reissued a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. 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. Finally, Robert W. Baird set a $103.00 price target on shares of Marriott International and gave the stock a “hold” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Marriott International currently has an average rating of “Buy” and an average price target of $117.21.
Marriott International Inc (NASDAQ:MAR) traded up $2.81 during midday trading on Monday, hitting $139.10. 2,840,000 shares of the stock traded hands, compared to its average volume of 2,290,000. The firm has a market capitalization of $50,710.00, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83. Marriott International Inc has a 12 month low of $85.63 and a 12 month high of $149.21.
Marriott International declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be issued 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 is Thursday, February 22nd. Marriott International’s payout ratio is 35.87%.
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Marriott International 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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