Reliant Investment Management LLC lessened its holdings in Marriott International Inc (NASDAQ:MAR) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,080 shares of the company’s stock after selling 570 shares during the quarter. Marriott International accounts for 2.7% of Reliant Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding. Reliant Investment Management LLC’s holdings in Marriott International were worth $2,723,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Cetera Investment Advisers lifted its stake in Marriott International by 8.2% during the 4th quarter. Cetera Investment Advisers now owns 2,661 shares of the company’s stock valued at $289,000 after acquiring an additional 202 shares during the period. National Pension Service lifted its position in Marriott International by 5.1% in the fourth quarter. National Pension Service now owns 352,743 shares of the company’s stock valued at $41,842,000 after buying an additional 17,082 shares during the last quarter. AE Wealth Management LLC lifted its position in Marriott International by 16.4% in the fourth quarter. AE Wealth Management LLC now owns 10,724 shares of the company’s stock valued at $1,164,000 after buying an additional 1,512 shares during the last quarter. Legal & General Group Plc lifted its position in Marriott International by 1.3% in the fourth quarter. Legal & General Group Plc now owns 1,223,188 shares of the company’s stock valued at $132,789,000 after buying an additional 15,958 shares during the last quarter. Finally, Lincoln Capital LLC acquired a new position in Marriott International in the fourth quarter valued at about $348,000. Institutional investors own 66.83% of the company’s stock.
A number of research firms have commented on MAR. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Barclays boosted their price target on shares of Marriott International to $135.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 5th. They noted that the move was a valuation call. Berenberg Bank reiterated a “buy” rating and set a $140.00 price target on shares of Marriott International in a research note on Tuesday, March 5th. Deutsche Bank reiterated a “hold” rating and set a $123.00 price target on shares of Marriott International in a research note on Monday, March 4th. Finally, SunTrust Banks boosted their price target on shares of Marriott International to $137.00 and gave the stock a “positive” rating in a research note on Monday, March 4th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Marriott International has an average rating of “Hold” and a consensus price target of $135.21.
Shares of MAR stock traded down $0.75 during trading hours on Monday, reaching $123.75. 21,257 shares of the stock were exchanged, compared to its average volume of 2,463,922. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.42 and a current ratio of 0.42. Marriott International Inc has a 12-month low of $100.62 and a 12-month high of $142.19. The firm has a market capitalization of $42.29 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.89 and a beta of 1.22.
Marriott International (NASDAQ:MAR) last released its earnings results on Thursday, February 28th. The company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.05. Marriott International had a net margin of 8.74% and a return on equity of 80.36%. During the same quarter last year, the business earned $1.12 EPS. Equities analysts forecast that Marriott International Inc will post 6.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.33%. Marriott International’s payout ratio is 26.41%.
TRADEMARK VIOLATION WARNING: “Reliant Investment Management LLC Has $2.72 Million Position in Marriott International Inc (MAR)” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://dakotafinancialnews.com/2019/03/25/reliant-investment-management-llc-has-2-72-million-position-in-marriott-international-inc-mar.html.
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.
Featured Story: Return on Investment (ROI)
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International Inc (NASDAQ:MAR).
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.