Marriott International Inc (MAR) Position Lowered by Utah Retirement Systems
Utah Retirement Systems cut its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 1.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 53,514 shares of the company’s stock after selling 800 shares during the quarter. Utah Retirement Systems’ holdings in Marriott International were worth $7,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the stock. Atria Investments LLC lifted its holdings in Marriott International by 19.6% in the third quarter. Atria Investments LLC now owns 2,561 shares of the company’s stock valued at $338,000 after acquiring an additional 419 shares during the period. Private Wealth Partners LLC lifted its holdings in Marriott International by 2.5% in the second quarter. Private Wealth Partners LLC now owns 18,680 shares of the company’s stock valued at $2,365,000 after acquiring an additional 450 shares during the period. First Pacific Advisors LP lifted its holdings in Marriott International by 17.9% in the third quarter. First Pacific Advisors LP now owns 3,300 shares of the company’s stock valued at $436,000 after acquiring an additional 500 shares during the period. Motley Fool Asset Management LLC lifted its holdings in Marriott International by 15.4% in the second quarter. Motley Fool Asset Management LLC now owns 3,793 shares of the company’s stock valued at $480,000 after acquiring an additional 507 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Marriott International by 22.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,873 shares of the company’s stock valued at $363,000 after acquiring an additional 518 shares during the period. 63.48% of the stock is currently owned by institutional investors.
NASDAQ MAR opened at $112.87 on Thursday. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.46 and a current ratio of 0.46. Marriott International Inc has a 52 week low of $106.96 and a 52 week high of $149.21. The stock has a market capitalization of $38.72 billion, a PE ratio of 25.89, a P/E/G ratio of 1.59 and a beta of 1.37.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 21st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) is currently 37.61%.
In other news, Director Eric Hippeau sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $116.23, for a total value of $1,046,070.00. Following the transaction, the director now owns 21,762 shares of the company’s stock, valued at $2,529,397.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.99% of the stock is owned by company insiders.
MAR has been the topic of a number of recent research reports. Robert W. Baird reissued a “hold” rating and issued a $135.00 target price on shares of Marriott International in a report on Wednesday, August 8th. BidaskClub raised Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Argus downgraded Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Morgan Stanley lowered their target price on Marriott International from $138.00 to $123.00 and set a “hold” rating on the stock in a report on Thursday, November 8th. Finally, Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Tuesday, August 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $139.80.
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Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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