MUFG Americas Holdings Corp reduced its position in shares of Marriott International (NASDAQ:MAR) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,244 shares of the company’s stock after selling 75 shares during the period. MUFG Americas Holdings Corp’s holdings in Marriott International were worth $1,261,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Marriott International during the second quarter worth approximately $1,396,000. BlackRock Inc. boosted its stake in shares of Marriott International by 96.6% in the second quarter. BlackRock Inc. now owns 1,084,277 shares of the company’s stock worth $72,061,000 after buying an additional 532,856 shares in the last quarter. Maryland Capital Management purchased a new stake in shares of Marriott International during the second quarter worth approximately $13,091,000. Dimensional Fund Advisors LP boosted its stake in shares of Marriott International by 10.0% in the second quarter. Dimensional Fund Advisors LP now owns 438,349 shares of the company’s stock worth $29,126,000 after buying an additional 39,795 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Marriott International by 6.7% in the second quarter. Neuberger Berman Group LLC now owns 1,508,143 shares of the company’s stock worth $100,232,000 after buying an additional 95,210 shares in the last quarter. Hedge funds and other institutional investors own 65.06% of the company’s stock.
Marriott International (NASDAQ:MAR) traded down 0.39% during trading on Friday, reaching $86.45. 1,866,767 shares of the company were exchanged. The firm’s 50 day moving average price is $84.07 and its 200-day moving average price is $75.50. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 30.78 and a beta of 1.22. Marriott International has a one year low of $60.87 and a one year high of $86.99.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, February 24th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.39%. Marriott International’s payout ratio is 42.25%.
A number of brokerages have commented on MAR. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Friday. MKM Partners set a $98.00 price target on shares of Marriott International and gave the company a “buy” rating in a research note on Tuesday, December 20th. Vetr upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating and set a $94.74 price target for the company in a research note on Thursday, February 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $91.00 price target (up previously from $84.00) on shares of Marriott International in a research note on Friday, December 23rd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Marriott International from a “buy” rating to a “conviction-buy” rating and increased their price target for the company from $87.00 to $102.00 in a research note on Thursday, January 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.09.
In related news, insider Amy Mcpherson sold 11,573 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $79.52, for a total value of $920,284.96. Following the transaction, the insider now directly owns 67,725 shares of the company’s stock, valued at approximately $5,385,492. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig S. Smith sold 600 shares of the business’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $84.41, for a total transaction of $50,646.00. Following the completion of the transaction, the insider now directly owns 15,104 shares in the company, valued at $1,274,928.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,828 shares of company stock valued at $13,771,614. Company insiders own 17.07% of the company’s stock.
Marriott International Company Profile
Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
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