Cetera Advisor Networks LLC lessened its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 0.8% during the first quarter, HoldingsChannel.com reports. The firm owned 11,492 shares of the company’s stock after selling 98 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Marriott International were worth $1,437,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MAR. Zeke Capital Advisors LLC boosted its position in Marriott International by 1.4% during the 1st quarter. Zeke Capital Advisors LLC now owns 5,291 shares of the company’s stock valued at $662,000 after acquiring an additional 75 shares in the last quarter. Wedbush Securities Inc. boosted its position in Marriott International by 5.1% during the 4th quarter. Wedbush Securities Inc. now owns 2,048 shares of the company’s stock valued at $222,000 after acquiring an additional 100 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in Marriott International by 2.3% during the 1st quarter. Duncker Streett & Co. Inc. now owns 4,498 shares of the company’s stock valued at $563,000 after acquiring an additional 100 shares in the last quarter. Signature Wealth Management Group boosted its position in Marriott International by 2.3% during the 4th quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock valued at $492,000 after acquiring an additional 101 shares in the last quarter. Finally, First Manhattan Co. boosted its position in Marriott International by 21.8% during the 1st quarter. First Manhattan Co. now owns 570 shares of the company’s stock valued at $71,000 after acquiring an additional 102 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

In related news, Director Margaret M. Mccarthy purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of $130.83 per share, with a total value of $261,660.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $261,660. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Anthony Capuano sold 44,594 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $125.13, for a total value of $5,580,047.22. Following the completion of the sale, the executive vice president now directly owns 62,192 shares in the company, valued at $7,782,084.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,730 shares of company stock worth $16,924,619. Insiders own 12.60% of the company’s stock.

Several analysts have weighed in on the company. Wells Fargo & Co lifted their price objective on Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Morgan Stanley set a $117.00 price objective on Marriott International and gave the company a “hold” rating in a research report on Thursday, March 28th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. BidaskClub cut Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Cowen reaffirmed a “buy” rating and set a $150.00 price objective on shares of Marriott International in a research report on Tuesday, February 26th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $136.29.

Shares of MAR opened at $129.87 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 6.81. Marriott International Inc has a 52 week low of $100.62 and a 52 week high of $142.19. The company has a market capitalization of $41.96 billion, a PE ratio of 20.91, a P/E/G ratio of 1.94 and a beta of 1.23.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Friday, May 10th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the previous year, the firm posted $1.34 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts forecast that Marriott International Inc will post 6.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a $0.48 dividend. This is a boost from Marriott International’s previous quarterly dividend of $0.41. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 23rd. Marriott International’s payout ratio is currently 26.41%.

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About Marriott International

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific 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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