IBM Retirement Fund Sells 391 Shares of Marriott International Inc (MAR)

IBM Retirement Fund decreased its holdings in Marriott International Inc (NASDAQ:MAR) by 6.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,268 shares of the company’s stock after selling 391 shares during the quarter. IBM Retirement Fund’s holdings in Marriott International were worth $572,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MAR. Wedbush Securities Inc. grew its holdings in Marriott International by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 2,048 shares of the company’s stock worth $222,000 after purchasing an additional 100 shares during the last quarter. Signature Wealth Management Group grew its holdings in shares of Marriott International by 2.3% during the fourth quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock valued at $492,000 after buying an additional 101 shares during the last quarter. Lee Financial Group Hawaii Inc. grew its holdings in shares of Marriott International by 0.4% during the fourth quarter. Lee Financial Group Hawaii Inc. now owns 24,301 shares of the company’s stock valued at $2,638,000 after buying an additional 104 shares during the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Marriott International by 0.5% during the fourth quarter. Gulf International Bank UK Ltd now owns 25,301 shares of the company’s stock valued at $2,746,000 after buying an additional 120 shares during the last quarter. Finally, G&S Capital LLC grew its holdings in shares of Marriott International by 27.1% during the fourth quarter. G&S Capital LLC now owns 582 shares of the company’s stock valued at $63,000 after buying an additional 124 shares during the last quarter. 65.83% of the stock is owned by institutional investors.

In related news, insider Craig S. Smith sold 16,743 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the completion of the transaction, the insider now owns 7,754 shares in the company, valued at approximately $933,193.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William P. Brown sold 11,640 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the transaction, the insider now owns 5,704 shares of the company’s stock, valued at approximately $693,207.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,410 shares of company stock valued at $3,432,989. Insiders own 12.99% of the company’s stock.

Shares of Marriott International stock opened at $122.32 on Monday. The stock has a market capitalization of $41.55 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.83 and a beta of 1.22. Marriott International Inc has a fifty-two week low of $100.62 and a fifty-two week high of $142.45. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.42 and a quick ratio of 0.42.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Thursday, February 28th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Marriott International had a net margin of 8.74% and a return on equity of 80.36%. During the same period in the prior year, the company earned $1.12 earnings per share. On average, sell-side analysts predict that Marriott International Inc will post 6.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $0.41 dividend. The ex-dividend date is Thursday, February 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.34%. Marriott International’s dividend payout ratio (DPR) is currently 26.41%.

A number of research analysts recently issued reports on MAR shares. BidaskClub upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Cowen restated a “buy” rating and set a $150.00 target price on shares of Marriott International in a research report on Tuesday, February 26th. Berenberg Bank restated a “buy” rating and set a $140.00 target price on shares of Marriott International in a research report on Tuesday, March 5th. Barclays boosted their target price on shares of Marriott International to $135.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Finally, Deutsche Bank restated a “hold” rating and set a $123.00 target price on shares of Marriott International in a research report on Monday, March 4th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $135.21.

COPYRIGHT VIOLATION NOTICE: “IBM Retirement Fund Sells 391 Shares of Marriott International Inc (MAR)” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.dispatchtribunal.com/2019/03/18/ibm-retirement-fund-sells-391-shares-of-marriott-international-inc-mar.html.

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

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