Marriott International, Inc. (NASDAQ:MAR) Position Reduced by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MARGet Rating) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,868 shares of the company’s stock after selling 194 shares during the period. United Capital Financial Advisers LLC’s holdings in Marriott International were worth $8,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in Marriott International during the second quarter worth approximately $27,000. Desjardins Global Asset Management Inc. bought a new position in shares of Marriott International in the second quarter valued at $27,000. American National Bank bought a new position in shares of Marriott International in the second quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Marriott International in the first quarter valued at $29,000. Finally, Core Alternative Capital increased its holdings 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 buying an additional 164 shares in the last quarter. Institutional investors own 70.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com cut Marriott International from a “buy” rating to a “hold” rating in a report on Friday, November 4th. TheStreet raised Marriott International from a “c+” rating to a “b-” rating in a report on Tuesday, August 16th. Robert W. Baird upped their price target on Marriott International to $183.00 in a report on Tuesday, August 9th. Berenberg Bank raised shares of Marriott International from a “hold” rating to a “buy” rating and boosted their target price for the company from $165.00 to $185.00 in a research note on Thursday, September 15th. Finally, Stifel Nicolaus boosted their target price on shares of Marriott International from $150.00 to $161.00 in a research note on Tuesday, August 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $176.43.

Marriott International Trading Down 0.9 %

Marriott International stock opened at $161.48 on Thursday. The company’s fifty day simple moving average is $150.91 and its 200-day simple moving average is $153.86. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 8.33. Marriott International, Inc. has a 12 month low of $131.01 and a 12 month high of $195.90. The stock has a market cap of $51.11 billion, a P/E ratio of 24.62, a P/E/G ratio of 0.61 and a beta of 1.57.

Marriott International Dividend Announcement

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

Marriott International declared that its board has authorized a share buyback program on Thursday, November 10th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Eric Hippeau sold 7,200 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $160.24, for a total value of $1,153,728.00. Following the completion of the sale, the director now directly owns 7,261 shares in the company, valued at $1,163,502.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Benjamin T. Breland sold 625 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $162.00, for a total value of $101,250.00. Following the completion of the sale, the executive vice president now directly owns 7,102 shares in the company, valued at $1,150,524. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Hippeau sold 7,200 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $160.24, for a total transaction of $1,153,728.00. Following the completion of the sale, the director now owns 7,261 shares of the company’s stock, valued at $1,163,502.64. The disclosure for this sale can be found here. Insiders have sold a total of 21,812 shares of company stock worth $3,475,694 in the last ninety days. Corporate insiders own 12.21% of the company’s stock.

About Marriott International

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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.

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

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