Cetera Advisors LLC Has $1.41 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Cetera Advisors LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,650 shares of the company’s stock after purchasing an additional 58 shares during the period. Cetera Advisors LLC’s holdings in Marriott International were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Perigon Wealth Management LLC increased its stake in shares of Marriott International by 28.6% during the second quarter. Perigon Wealth Management LLC now owns 2,511 shares of the company’s stock worth $461,000 after purchasing an additional 559 shares during the period. Evermay Wealth Management LLC increased its stake in Marriott International by 4.3% during the 1st quarter. Evermay Wealth Management LLC now owns 3,436 shares of the company’s stock worth $571,000 after acquiring an additional 141 shares during the period. Pacer Advisors Inc. increased its stake in Marriott International by 249.1% during the 1st quarter. Pacer Advisors Inc. now owns 39,762 shares of the company’s stock worth $6,602,000 after acquiring an additional 28,372 shares during the period. Diversified Trust Co increased its stake in Marriott International by 1.8% during the 2nd quarter. Diversified Trust Co now owns 21,720 shares of the company’s stock worth $3,990,000 after acquiring an additional 393 shares during the period. Finally, Level Four Advisory Services LLC bought a new position in Marriott International during the 1st quarter worth $237,000. Institutional investors own 58.79% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $202.23, for a total transaction of $4,044,600.00. Following the transaction, the chief executive officer now directly owns 100,317 shares of the company’s stock, valued at approximately $20,287,106.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $202.23, for a total value of $4,044,600.00. Following the completion of the transaction, the chief executive officer now directly owns 100,317 shares of the company’s stock, valued at approximately $20,287,106.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Rajeev Menon sold 8,000 shares of Marriott International stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $207.03, for a total value of $1,656,240.00. Following the completion of the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at $828,120. The disclosure for this sale can be found here. Company insiders own 12.32% of the company’s stock.

Marriott International Trading Up 0.6 %

NASDAQ MAR opened at $206.96 on Tuesday. The company has a market cap of $60.78 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.57. Marriott International, Inc. has a twelve month low of $145.37 and a twelve month high of $210.98. The business’s fifty day moving average is $195.30 and its 200 day moving average is $190.90. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 73.56.

Marriott International declared that its board has authorized a stock buyback program on Thursday, November 9th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.01%. The ex-dividend date is Tuesday, November 21st. Marriott International’s payout ratio is presently 22.03%.

Analyst Ratings Changes

A number of research firms have commented on MAR. Wells Fargo & Company raised their price objective on Marriott International from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Morgan Stanley raised their price objective on Marriott International from $225.00 to $232.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Argus lifted their price target on Marriott International from $208.00 to $232.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Robert W. Baird lifted their price target on Marriott International from $198.00 to $220.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded Marriott International from a “c+” rating to a “b-” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $213.93.

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.