Cognios Capital LLC lowered its stake in shares of Marriott International Inc (NASDAQ:MAR) by 39.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,834 shares of the company’s stock after selling 1,171 shares during the quarter. Cognios Capital LLC’s holdings in Marriott International were worth $248,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MAR. Advantus Capital Management Inc lifted its position in Marriott International by 1.4% during the 3rd quarter. Advantus Capital Management Inc now owns 31,706 shares of the company’s stock valued at $3,496,000 after purchasing an additional 426 shares during the period. Piedmont Investment Advisors LLC lifted its position in Marriott International by 0.6% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 71,759 shares of the company’s stock valued at $7,912,000 after purchasing an additional 433 shares during the period. HL Financial Services LLC lifted its position in Marriott International by 2.5% during the 3rd quarter. HL Financial Services LLC now owns 17,941 shares of the company’s stock valued at $1,978,000 after purchasing an additional 436 shares during the period. D Orazio & Associates Inc. lifted its position in Marriott International by 4.2% during the 4th quarter. D Orazio & Associates Inc. now owns 11,031 shares of the company’s stock valued at $1,497,000 after purchasing an additional 443 shares during the period. Finally, Private Advisory Group LLC lifted its position in Marriott International by 2.1% during the 3rd quarter. Private Advisory Group LLC now owns 22,395 shares of the company’s stock valued at $2,469,000 after purchasing an additional 463 shares during the period. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marriott International Inc (MAR) opened at $136.29 on Friday. The firm has a market cap of $49,690.00, a P/E ratio of 37.04, a P/E/G ratio of 2.17 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.52 and a quick ratio of 0.52. Marriott International Inc has a 52-week low of $85.63 and a 52-week high of $149.21.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.97%. Marriott International’s dividend payout ratio is 35.87%.

Marriott International announced that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

A number of research analysts have issued reports on MAR shares. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a research report on Friday, January 19th. Sanford C. Bernstein downgraded shares of Marriott International from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. Stifel Nicolaus restated a “hold” rating and set a $132.00 target price on shares of Marriott International in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Barclays upped their target price on shares of Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $117.21.

In related news, Director Bruce W. Duncan sold 8,644 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $129.34, for a total value of $1,118,014.96. Following the sale, the director now directly owns 31,364 shares in the company, valued at approximately $4,056,619.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony Capuano sold 19,510 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the completion of the sale, the executive vice president now owns 23,159 shares in the company, valued at $3,091,958.09. The disclosure for this sale can be found here. Insiders sold a total of 91,825 shares of company stock worth $11,886,720 over the last quarter. 11.32% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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