Virtu Financial LLC purchased a new position in Marriott International Inc (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,347 shares of the company’s stock, valued at approximately $861,000.
Other large investors also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in shares of Marriott International by 214.8% in the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Marriott International in the 3rd quarter valued at $136,000. Advisors Asset Management Inc. boosted its stake in shares of Marriott International by 66.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock valued at $163,000 after purchasing an additional 590 shares in the last quarter. KCS Wealth Advisory purchased a new stake in shares of Marriott International in the 4th quarter valued at $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Marriott International in the 4th quarter valued at $204,000. 66.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marriott International Inc (MAR) opened at $142.17 on Monday. The firm has a market cap of $50,816.86, a PE ratio of 39.49, a price-to-earnings-growth ratio of 2.53 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.46 and a current ratio of 0.46. Marriott International Inc has a 12 month low of $85.63 and a 12 month high of $149.21.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.33 per share. 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 dividend payout ratio is currently 36.67%.
Marriott International announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 9th that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank upped their price objective on shares of Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Barclays upped their price objective on shares of Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 28th. Stifel Nicolaus restated a “hold” rating and issued a $115.00 price objective (up from $98.00) on shares of Marriott International in a report on Wednesday, November 8th. Susquehanna Bancshares restated a “positive” rating and issued a $161.00 price objective (up from $145.00) on shares of Marriott International in a report on Tuesday, February 13th. Finally, BidaskClub lowered shares of Marriott International from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Marriott International has a consensus rating of “Buy” and a consensus price target of $122.38.
In other news, insider David Grissen sold 2,139 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $127.73, for a total transaction of $273,214.47. Following the sale, the insider now owns 47,340 shares of the company’s stock, valued at approximately $6,046,738.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Deborah Marriott Harrison sold 80,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $140.94, for a total transaction of $11,275,200.00. Following the sale, the insider now directly owns 116,092 shares in the company, valued at approximately $16,362,006.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,974 shares of company stock valued at $19,851,576. 11.32% of the stock is owned by company insiders.
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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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