Marriott International Inc (MAR) Stake Lowered by Piedmont Investment Advisors Inc.

Piedmont Investment Advisors Inc. lessened its position in Marriott International Inc (NASDAQ:MAR) by 43.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,664 shares of the company’s stock after selling 18,704 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Marriott International were worth $2,678,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MAR. Clean Yield Group acquired a new stake in shares of Marriott International in the 4th quarter valued at $41,000. Hanseatic Management Services Inc. boosted its stake in shares of Marriott International by 51.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 433 shares of the company’s stock valued at $47,000 after purchasing an additional 148 shares in the last quarter. G&S Capital LLC lifted its position in Marriott International by 27.1% during the 4th quarter. G&S Capital LLC now owns 582 shares of the company’s stock worth $63,000 after buying an additional 124 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Marriott International by 9,956.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,787,660 shares of the company’s stock worth $72,000 after buying an additional 7,710,218 shares in the last quarter. Finally, First Interstate Bank lifted its position in Marriott International by 60.3% during the 4th quarter. First Interstate Bank now owns 667 shares of the company’s stock worth $73,000 after buying an additional 251 shares in the last quarter. Institutional investors own 65.45% of the company’s stock.

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Shares of MAR stock traded up $2.50 on Wednesday, reaching $124.53. The company had a trading volume of 36,337 shares, compared to its average volume of 1,600,093. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market cap of $41.82 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.70 and a beta of 1.23. Marriott International Inc has a 12 month low of $100.62 and a 12 month high of $144.86.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be paid a $0.41 dividend. The ex-dividend date is Thursday, February 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.32%. Marriott International’s dividend payout ratio (DPR) is presently 37.61%.

Several research analysts recently issued reports on the stock. Wells Fargo & Co set a $127.00 price target on shares of Marriott International and gave the stock a “hold” rating in a research report on Wednesday, November 14th. BidaskClub upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Raymond James reduced their price target on shares of Marriott International from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th. SunTrust Banks reduced their price target on shares of Marriott International to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 7th. Finally, Robert W. Baird reiterated a “hold” rating and set a $127.00 price target on shares of Marriott International in a research report on Monday, December 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $135.00.

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Marriott International Company Profile

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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