First Trust Advisors LP lessened its holdings in Marriott International Inc (NASDAQ:MAR) by 37.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,311 shares of the company’s stock after selling 81,020 shares during the period. First Trust Advisors LP’s holdings in Marriott International were worth $17,865,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of MAR. Sun Life Financial INC boosted its position in Marriott International by 331.6% during the second quarter. Sun Life Financial INC now owns 807 shares of the company’s stock valued at $102,000 after purchasing an additional 620 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in Marriott International during the second quarter valued at $102,000. Fort L.P. acquired a new stake in Marriott International during the second quarter valued at $114,000. CenterStar Asset Management LLC acquired a new stake in Marriott International during the third quarter valued at $133,000. Finally, Tortoise Investment Management LLC acquired a new stake in Marriott International during the second quarter valued at $155,000. 62.03% of the stock is owned by institutional investors and hedge funds.
NASDAQ MAR opened at $116.91 on Friday. Marriott International Inc has a fifty-two week low of $106.96 and a fifty-two week high of $149.21. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $39.75 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 1.66 and a beta of 1.38.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.40%. Marriott International’s dividend payout ratio (DPR) is currently 37.61%.
A number of analysts recently issued reports on MAR shares. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Tuesday, August 14th. Longbow Research started coverage on Marriott International in a research report on Friday, September 7th. They set a “buy” rating and a $156.00 price objective for the company. Raymond James set a $137.00 price objective on Marriott International and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley cut Marriott International from an “overweight” rating to an “equal” rating and set a $129.00 price objective for the company. in a research report on Tuesday, July 24th. Finally, Barclays reduced their price objective on Marriott International from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $141.14.
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About Marriott International
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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