Pitcairn Co. Has $817,000 Holdings in Marriott International, Inc. (NASDAQ:MAR)

Pitcairn Co. reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 35.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,285 shares of the company’s stock after selling 1,792 shares during the quarter. Pitcairn Co.’s holdings in Marriott International were worth $817,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BDF Gestion acquired a new stake in Marriott International in the second quarter valued at approximately $3,013,000. Jensen Investment Management Inc. acquired a new position in shares of Marriott International in the third quarter valued at approximately $793,000. CWM LLC raised its holdings in Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after buying an additional 39,839 shares during the last quarter. BayBridge Capital Group LLC bought a new stake in Marriott International during the 3rd quarter worth approximately $1,254,000. Finally, Kinsale Capital Group Inc. bought a new position in shares of Marriott International during the third quarter valued at $3,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on MAR shares. Mizuho lifted their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. UBS Group dropped their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Sanford C. Bernstein lifted their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. BMO Capital Markets boosted their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Finally, Evercore ISI raised their price target on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average price target of $259.00.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares in the company, 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 is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,108 shares of company stock worth $3,434,439 over the last 90 days. 10.07% of the stock is owned by company insiders.

Marriott International Stock Up 0.3 %

NASDAQ MAR opened at $284.29 on Monday. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04. The company has a 50-day simple moving average of $261.88 and a two-hundred day simple moving average of $243.45. The firm has a market cap of $79.00 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 5.59 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results 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). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 EPS. Equities analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

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.