Pathstone Holdings LLC Grows Position in Marriott International, Inc. (NASDAQ:MAR)

Pathstone Holdings LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,994 shares of the company’s stock after buying an additional 7,122 shares during the quarter. Pathstone Holdings LLC owned about 0.07% of Marriott International worth $51,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MAR. Harbor Capital Advisors Inc. raised its holdings in Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after acquiring an additional 38 shares during the period. Haverford Trust Co raised its stake in Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after purchasing an additional 40 shares during the period. Rockland Trust Co. boosted its stake in Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after purchasing an additional 41 shares during the period. Park Avenue Securities LLC grew its holdings in Marriott International by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after buying an additional 46 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of Marriott International by 1.5% during the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after buying an additional 46 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MAR shares. Evercore ISI raised their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Barclays raised their price objective on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Mizuho increased their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. Finally, TD Cowen cut their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and an average target price of $259.00.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $281.45 on Tuesday. The firm has a market capitalization of $78.21 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 5.48 and a beta of 1.58. The business has a 50 day simple moving average of $257.65 and a two-hundred day simple moving average of $242.15. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.04.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the firm earned $2.11 EPS. Marriott International’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.90%. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Insiders Place Their Bets

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,108 shares of company stock worth $3,434,439 in the last three months. Corporate insiders own 10.07% of the company’s stock.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.