Cetera Advisors LLC Decreases Position in Marriott International, Inc. (NASDAQ:MAR)

Cetera Advisors LLC lessened its holdings in Marriott International, Inc. (NASDAQ:MARGet Rating) by 28.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,493 shares of the company’s stock after selling 2,929 shares during the quarter. Cetera Advisors LLC’s holdings in Marriott International were worth $1,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Marriott International in the second quarter valued at about $27,000. Desjardins Global Asset Management Inc. purchased a new position in shares of Marriott International in the second quarter valued at about $27,000. American National Bank purchased a new position in shares of Marriott International in the second quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Marriott International in the first quarter valued at about $29,000. Finally, Core Alternative Capital increased its position in shares of Marriott International by 1,261.5% in the first quarter. Core Alternative Capital now owns 177 shares of the company’s stock valued at $31,000 after acquiring an additional 164 shares during the period. Hedge funds and other institutional investors own 70.95% of the company’s stock.

Marriott International Trading Down 0.9 %

Shares of NASDAQ MAR opened at $161.48 on Friday. The firm’s 50 day moving average price is $150.89 and its 200-day moving average price is $153.91. The company has a market cap of $51.11 billion, a PE ratio of 24.62, a P/E/G ratio of 0.60 and a beta of 1.57. Marriott International, Inc. has a 52-week low of $131.01 and a 52-week high of $195.90. The company has a debt-to-equity ratio of 8.33, a quick ratio of 0.52 and a current ratio of 0.52.

Marriott International declared that its board has authorized a stock repurchase plan on Thursday, November 10th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 23rd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. Marriott International’s dividend payout ratio is presently 24.39%.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 13,987 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $158.77, for a total value of $2,220,715.99. Following the transaction, the director now owns 14,461 shares in the company, valued at $2,295,972.97. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Eric Hippeau sold 13,987 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $158.77, for a total transaction of $2,220,715.99. Following the completion of the transaction, the director now directly owns 14,461 shares of the company’s stock, valued at $2,295,972.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 625 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $162.00, for a total transaction of $101,250.00. Following the transaction, the executive vice president now directly owns 7,102 shares of the company’s stock, valued at $1,150,524. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,812 shares of company stock worth $3,475,694. Corporate insiders own 12.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Stifel Nicolaus boosted their price target on shares of Marriott International from $150.00 to $161.00 in a research report on Tuesday, August 2nd. BMO Capital Markets reduced their price target on shares of Marriott International from $165.00 to $160.00 and set a “market perform” rating on the stock in a research report on Friday, November 4th. Robert W. Baird boosted their price target on shares of Marriott International to $183.00 in a research report on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Marriott International from $164.00 to $155.00 in a research report on Wednesday, August 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $176.43.

Marriott International Company Profile

(Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

Recommended Stories

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:MARGet Rating).

Institutional Ownership by Quarter for Marriott International (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.