Mutual of America Capital Management LLC Trims Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mutual of America Capital Management LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,791 shares of the company’s stock after selling 1,487 shares during the period. Mutual of America Capital Management LLC’s holdings in Marriott International were worth $7,157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bangor Savings Bank grew its stake in Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Marriott International during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new position in Marriott International during the third quarter worth $31,000. Finally, Unique Wealth Strategies LLC bought a new stake in Marriott International during the second quarter valued at $35,000. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company. Morgan Stanley dropped their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Barclays upped their price objective on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $259.00.

Insiders Place Their Bets

In related news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the company’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 sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is owned by insiders.

Marriott International Price Performance

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

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the company earned $2.11 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

About Marriott International

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.