Mackenzie Financial Corp acquired 4,442 shares of Marriott International, Inc. (NASDAQ:MAR)

Mackenzie Financial Corp increased its position in shares of Marriott International, Inc. (NASDAQ: MAR – Get a rating) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,995 shares of the company’s stock after acquiring an additional 4,442 shares during the quarter. Mackenzie Financial Corp’s holdings in Marriott International were worth $4,896,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. MGO One Seven LLC raised its stake in shares of Marriott International by 2.8% during the 2nd quarter. MGO One Seven LLC now owns 3,609 shares of the company’s stock valued at $491,000 after acquiring an additional 98 shares in the last quarter. Dowling & Yahnke LLC raised its stake in shares of Marriott International by 4.4% during the 2nd quarter. Dowling & Yahnke LLC now owns 13,670 shares of the company’s stock valued at $1,859,000 after acquiring an additional 573 shares in the last quarter. Cibc World Market Inc. grew its stake in Marriott International by 20.9% during the 2nd quarter. Now Cibc World Market Inc. now owns 56,434 shares of the company’s stock valued at $7,676,000 after buying an additional 9,775 shares in the last quarter. Principal Financial Group Inc. grew its stake in Marriott International by 3.5% in the 2nd quarter. Now Principal Financial Group Inc. now owns 341,039 shares of the company’s stock valued at $46,385,000 after buying an additional 11,502 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. acquired a new position in Marriott International during the 2nd quarter valued at approximately $27,000. Institutional investors own 70.95% of the company’s shares.

Insider Buying and Selling at Marriott International

In other EVP news Benjamin T. Breland sold 625 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $162.00 for a total amount of $101,250.00. Following the transaction, the executive vice president now directly owns 7,102 shares in the company, valued at $1,150,524. The transaction was disclosed in a legal filing with the SEC, which is available via this link. In other news, EVP Benjamin T. Breland sold 625 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $162.00 for a total amount of $101,250.00. Following the transaction, the executive vice president now directly owns 7,102 shares in the company, valued at $1,150,524. The transaction was disclosed in a legal filing with the SEC, which is available via this link. Also the director Eric Hippo sold 13,987 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $158.77, for a total transaction amounting to $2,220,715.99. Following the sale, the director now owns 14,461 shares in the company, valued at $2,295,972.97. Disclosures for this sale can be found here here. Insiders own 12.21% of the company’s stock.

Changes in analysts’ ratings

A number of research analysts have issued reports on the stock. Evercore ISI upped their target price on shares of Marriott International to $175.00 in a research note on Tuesday, August 9th. StockNews.com downgraded shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Stifel Nicolaus upped their target price on shares of Marriott International from $150.00 to $161.00 in a research note on Tuesday, August 2nd. Barclays boosted their target price on shares of Marriott International from $164.00 to $170.00 in a research note on Wednesday, August 3rd. Finally, Berenberg Bank upgraded shares of Marriott International from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $185.00 in a research note on Thursday, September 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a “buy” rating to the company. Marriott International presently has an average rating of “Hold” and an average target price of $176.43, according to MarketBeat.com.

Marriott International stock performance

Actions NASDAQ MAR opened at $161.71 on Friday. The company’s fifty-day moving average is $150.87, and its 200-day moving average is $154.23. Marriott International, Inc. has a 1 year low of $131.01 and a 1 year high of $195.90. The company has a market cap of $51.19 billion, a PE ratio of 24.65, a price-to-earnings ratio of 0.60 and a beta of 1.57. The company has a debt-to-equity ratio of 8.33, a gearing ratio of 0.52, and a current ratio of 0.52.

Marriott International declared that its Board of Directors has initiated a share repurchase program on Thursday, November 10th that permits the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that a company’s management believes its stock is undervalued.

Marriott International announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 23rd will be paid a dividend of $0.30 per share. That’s $1.20 in annualized dividends and a yield of 0.74%. The ex-dividend date is Tuesday, November 22nd. Marriott International’s dividend payout ratio (DPR) is currently 18.29%.

Marriott International Company Profile

(Get a rating)

Marriott International, Inc. manages, franchises and licenses hotel, residential and timeshare properties worldwide. The company operates through the US and Canada, as well as international segments. It operates its properties under the management of JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

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