Reliant Investment Management LLC Has $2.72 Million Position in Marriott International Inc (MAR)

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.



In other Marriott International news, insider Craig S. Smith sold 16,743 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.35, for a total value of $2,015,020.05. Following the transaction, the insider now directly owns 7,754 shares in the company, valued at $933,193.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 11,640 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the completion of the transaction, the insider now owns 5,704 shares in the company, valued at $693,207.12. The disclosure for this sale can be found here. Insiders have sold 28,410 shares of company stock worth $3,432,989 over the last 90 days. Insiders own 12.99% of the company’s stock.

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%.

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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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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