Pathstone Family Office LLC raised its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,496 shares of the company’s stock after purchasing an additional 8,245 shares during the quarter. Pathstone Family Office LLC owned 0.06% of Marriott International worth $35,929,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. OFI Invest Asset Management purchased a new stake in Marriott International during the 3rd quarter worth about $25,000. Resurgent Financial Advisors LLC purchased a new stake in Marriott International during the 4th quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new stake in Marriott International during the 4th quarter worth about $28,000. Coppell Advisory Solutions Corp. purchased a new stake in Marriott International during the 4th quarter worth about $28,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Marriott International during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 58.79% of the company’s stock.
Insider Buying and Selling at Marriott International
In other Marriott International news, CAO Felitia Lee sold 570 shares of Marriott International stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $210.08, for a total value of $119,745.60. Following the completion of the transaction, the chief accounting officer now directly owns 2,793 shares in the company, valued at $586,753.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.32% of the stock is currently owned by insiders.
Analyst Ratings Changes
Marriott International Trading Up 0.0 %
Marriott International stock traded up $0.08 during midday trading on Tuesday, hitting $244.31. The stock had a trading volume of 650,227 shares, compared to its average volume of 1,296,802. The stock has a market cap of $71.75 billion, a P/E ratio of 25.87, a P/E/G ratio of 1.44 and a beta of 1.64. Marriott International, Inc. has a 12 month low of $153.56 and a 12 month high of $246.74. The business has a fifty day moving average price of $224.29 and a 200 day moving average price of $207.85.
Marriott International announced that its Board of Directors has approved a stock buyback program on Thursday, November 9th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.
Marriott International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.08 dividend on an annualized basis and a yield of 0.85%. Marriott International’s payout ratio is currently 22.03%.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging 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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