Teachers Advisors LLC lowered its holdings in Marriott International Inc (NASDAQ:MAR) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,273,469 shares of the company’s stock after selling 37,386 shares during the period. Teachers Advisors LLC’s holdings in Marriott International were worth $172,848,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in shares of Marriott International by 0.8% during the 3rd quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock valued at $90,786,000 after buying an additional 6,837 shares in the last quarter. Rockefeller Financial Services Inc. grew its position in Marriott International by 2,222.2% during the 4th quarter. Rockefeller Financial Services Inc. now owns 41,800 shares of the company’s stock worth $5,674,000 after acquiring an additional 40,000 shares during the last quarter. Wells Fargo & Company MN grew its position in Marriott International by 3.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock worth $143,989,000 after acquiring an additional 46,517 shares during the last quarter. Carderock Capital Management Inc. grew its position in Marriott International by 7.9% during the 3rd quarter. Carderock Capital Management Inc. now owns 11,397 shares of the company’s stock worth $1,257,000 after acquiring an additional 839 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Marriott International by 27.1% during the 4th quarter. Bank of Montreal Can now owns 278,596 shares of the company’s stock worth $37,814,000 after acquiring an additional 59,347 shares during the last quarter. 65.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Marriott International Inc (NASDAQ:MAR) opened at $143.00 on Monday. The firm has a market capitalization of $52,240.00, a P/E ratio of 27.66, a PEG ratio of 2.55 and a beta of 1.35. Marriott International Inc has a 1 year low of $86.25 and a 1 year high of $149.21. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.92%. Marriott International’s dividend payout ratio is currently 25.48%.
In other news, Director Susan C. Schwab purchased 250 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of $141.47 per share, for a total transaction of $35,367.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah Marriott Harrison sold 80,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $140.94, for a total value of $11,275,200.00. Following the sale, the insider now owns 116,092 shares in the company, valued at $16,362,006.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,547 shares of company stock worth $18,260,368. Corporate insiders own 11.32% of the company’s stock.
MAR has been the topic of several recent research reports. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research report on Friday, January 19th. Stifel Nicolaus restated a “hold” rating and set a $132.00 price target on shares of Marriott International in a research report on Tuesday, January 9th. Sanford C. Bernstein lowered Marriott International from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. Barclays raised their price target on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. Finally, Deutsche Bank restated a “hold” rating and set a $124.00 price target on shares of Marriott International in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $122.38.
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.
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International Inc (NASDAQ:MAR).
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.