The Aberdeen Asset Management PLC UK Has $12,058,000 Stake in Marriott International (MAR), Report finds

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in Marriott International by 84.4% in the third quarter. Quadrant Capital Group LLC now owns 1,835 shares of the company’s stock worth $118,000 after buying an additional 840 shares during the last quarter. Smithfield Trust Co. boosted its stake in Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock worth $125,000 after buying an additional 660 shares during the last quarter. Synovus Financial Corp boosted its stake in Marriott International by 11.9% in the third quarter. Synovus Financial Corp now owns 1,880 shares of the company’s stock worth $126,000 after buying an additional 200 shares during the last quarter. Gradient Investments LLC boosted its stake in Marriott International by 1.7% in the third quarter. Gradient Investments LLC now owns 1,991 shares of the company’s stock worth $134,000 after buying an additional 33 shares during the last quarter. Finally, First Bank & Trust acquired a new stake in Marriott International during the fourth quarter worth $134,000. 64.62% of the stock is owned by institutional investors and hedge funds.

Aberdeen Asset Management PLC UK lowered its position in shares of Marriott International (NASDAQ:MAR) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,835 shares of the company’s stock after selling 66,859 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Marriott International were worth $12,058,000 as of its most recent SEC filing.

Shares of Marriott International (NASDAQ:MAR) traded up 0.80% during midday trading on Monday, hitting $87.14. 793,111 shares of the stock traded hands. Marriott International has a 52 week low of $60.87 and a 52 week high of $87.24. The stock has a market capitalization of $34.03 billion, a P/E ratio of 31.02 and a beta of 1.22. The firm has a 50-day moving average price of $84.07 and a 200-day moving average price of $75.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, February 24th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.39%. Marriott International’s payout ratio is 42.25%.

MAR has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating in a research note on Thursday, October 20th. Vetr cut shares of Marriott International from a “strong-buy” rating to a “buy” rating and set a $78.19 price objective on the stock. in a research note on Monday, November 7th. Barclays PLC reaffirmed a “hold” rating and set a $80.00 price objective on shares of Marriott International in a research note on Thursday, November 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $74.00 price objective (down from $76.00) on shares of Marriott International in a research note on Tuesday, November 15th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $73.00 price objective on shares of Marriott International in a research note on Friday, November 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $82.09.

In related news, EVP Edward A. Ryan sold 8,744 shares of Marriott International stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $77.12, for a total value of $674,337.28. Following the completion of the sale, the executive vice president now directly owns 87,727 shares in the company, valued at approximately $6,765,506.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John W. Marriott III sold 50,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $77.38, for a total value of $3,869,000.00. Following the sale, the insider now owns 523,070 shares of the company’s stock, valued at $40,475,156.60. The disclosure for this sale can be found here. Insiders sold a total of 169,828 shares of company stock valued at $13,771,614 over the last quarter. 17.07% of the stock is owned by corporate insiders.

Marriott International Company Profile

Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.

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