Guggenheim Capital LLC raised its stake in shares of Marriott International Inc (NASDAQ:MAR) by 18.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 615,629 shares of the company’s stock after buying an additional 96,901 shares during the quarter. Guggenheim Capital LLC’s holdings in Marriott International were worth $83,559,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of MAR. Nationwide Fund Advisors raised its holdings in shares of Marriott International by 83.3% in the third quarter. Nationwide Fund Advisors now owns 356,359 shares of the company’s stock worth $39,292,000 after buying an additional 161,993 shares during the period. Andra AP fonden raised its holdings in shares of Marriott International by 6.0% in the third quarter. Andra AP fonden now owns 26,300 shares of the company’s stock worth $2,900,000 after buying an additional 1,500 shares during the period. American Century Companies Inc. purchased a new stake in shares of Marriott International in the third quarter worth approximately $12,345,000. Advantus Capital Management Inc raised its holdings in shares of Marriott International by 1.4% in the third quarter. Advantus Capital Management Inc now owns 31,706 shares of the company’s stock worth $3,496,000 after buying an additional 426 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in shares of Marriott International in the third quarter worth approximately $566,000. Institutional investors and hedge funds own 64.83% of the company’s stock.
Marriott International Inc (MAR) opened at $143.29 on Friday. Marriott International Inc has a 52 week low of $86.03 and a 52 week high of $149.21. The stock has a market capitalization of $51,217.15, a P/E ratio of 32.86, a P/E/G ratio of 2.55 and a beta of 1.35. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 annualized dividend and a yield of 0.92%. Marriott International’s dividend payout ratio (DPR) is presently 36.67%.
Several brokerages have recently weighed in on MAR. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. ValuEngine upgraded Marriott International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Deutsche Bank increased their price target on Marriott International from $136.00 to $141.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Susquehanna Bancshares reiterated a “positive” rating and issued a $161.00 price target (up from $145.00) on shares of Marriott International in a report on Tuesday, February 13th. Finally, Royal Bank of Canada increased their price objective on Marriott International to $159.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Marriott International currently has an average rating of “Buy” and an average price target of $122.38.
In other Marriott International news, EVP Stephanie Linnartz sold 5,113 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $128.96, for a total transaction of $659,372.48. Following the sale, the executive vice president now owns 28,263 shares of the company’s stock, valued at approximately $3,644,796.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce W. Duncan sold 8,644 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 132,547 shares of company stock worth $18,260,368 in the last ninety days. Insiders own 11.32% of the company’s stock.
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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