Meadow Creek Investment Management LLC trimmed its stake in Marriott International Inc (NASDAQ:MAR) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 714,000 shares of the company’s stock after selling 19,924 shares during the period. Marriott International comprises about 2.1% of Meadow Creek Investment Management LLC’s investment portfolio, making the stock its 5th largest position. Meadow Creek Investment Management LLC’s holdings in Marriott International were worth $96,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in the business. Valeo Financial Advisors LLC grew its holdings in shares of Marriott International by 367.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after purchasing an additional 580 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Marriott International during the fourth quarter worth $128,000. Grove Bank & Trust grew its holdings 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 worth $136,000 after purchasing an additional 840 shares during the last quarter. Advisors Asset Management Inc. grew its holdings 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 worth $163,000 after purchasing an additional 590 shares during the last quarter. Finally, KCS Wealth Advisory bought a new stake in shares of Marriott International during the fourth quarter worth $201,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.
Marriott International Inc (MAR) opened at $141.81 on Tuesday. Marriott International Inc has a one year low of $86.25 and a one year high of $149.21. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $51,217.19, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.55 and a beta of 1.35.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, February 22nd. Marriott International’s dividend payout ratio is currently 36.67%.
Several brokerages have recently commented on MAR. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine raised Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barclays upped their price target on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. Deutsche Bank upped their price target on Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $132.00 price target on shares of Marriott International in a research note on Tuesday, January 9th. 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 issued a strong buy rating to the company. Marriott International currently has an average rating of “Buy” and an average target price of $122.38.
In other news, insider Stephen Blake Marriott sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $143.83, for a total transaction of $143,830.00. Following the sale, the insider now owns 144,601 shares of the company’s stock, valued at $20,797,961.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab purchased 250 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average cost of $141.47 per share, for a total transaction of $35,367.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 133,547 shares of company stock worth $18,404,198. 11.32% of the stock is currently owned by 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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