Cetera Advisor Networks LLC Has $4.42 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Cetera Advisor Networks LLC grew its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,087 shares of the company’s stock after purchasing an additional 290 shares during the period. Cetera Advisor Networks LLC’s holdings in Marriott International were worth $4,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAR. American Century Companies Inc. grew its position in Marriott International by 2.4% in the 1st quarter. American Century Companies Inc. now owns 13,938 shares of the company’s stock worth $2,450,000 after purchasing an additional 330 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Marriott International by 5.8% during the 1st quarter. Raymond James Trust N.A. now owns 3,444 shares of the company’s stock worth $605,000 after acquiring an additional 189 shares during the period. Synovus Financial Corp lifted its holdings in shares of Marriott International by 13.3% during the 1st quarter. Synovus Financial Corp now owns 3,873 shares of the company’s stock worth $682,000 after acquiring an additional 455 shares during the period. Sei Investments Co. lifted its holdings in shares of Marriott International by 12.1% during the 1st quarter. Sei Investments Co. now owns 43,563 shares of the company’s stock worth $7,708,000 after acquiring an additional 4,685 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of Marriott International by 64.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 27,406 shares of the company’s stock worth $4,816,000 after acquiring an additional 10,790 shares during the period. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Up 0.6 %

Marriott International stock opened at $206.96 on Tuesday. The company has a market cap of $60.78 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $145.37 and a 1-year high of $210.98. The company has a fifty day simple moving average of $195.30 and a 200 day simple moving average of $190.90. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 73.56.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 22nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 22.03%.

Marriott International announced that its board has initiated a share repurchase program on Thursday, November 9th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MAR shares. Morgan Stanley raised their price objective on shares of Marriott International from $225.00 to $232.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Truist Financial reissued a “hold” rating and set a $221.00 price target on shares of Marriott International in a report on Thursday, September 21st. Bank of America lifted their price target on shares of Marriott International from $215.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, September 21st. Citigroup lifted their price target on shares of Marriott International from $175.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, August 30th. Finally, BMO Capital Markets lifted their price target on shares of Marriott International from $192.00 to $210.00 and gave the company a “market perform” rating in a report on Wednesday, August 2nd. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $213.93.

Insider Buying and Selling at Marriott International

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

About Marriott International

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.