Pacer Advisors Inc. Cuts Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Pacer Advisors Inc. decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,118 shares of the company’s stock after selling 1,935 shares during the quarter. Pacer Advisors Inc.’s holdings in Marriott International were worth $7,736,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bangor Savings Bank grew its position in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new stake in Marriott International during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International in the second quarter valued at approximately $28,000. Silvant Capital Management LLC acquired a new stake in shares of Marriott International in the third quarter worth approximately $31,000. Finally, Darwin Wealth Management LLC acquired a new position in Marriott International in the 3rd quarter valued at $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MAR. Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Bank of America increased their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. UBS Group reduced their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Barclays raised their target price 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 increased their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average price target of $259.00.

Insiders Place Their Bets

In other news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares in the company, valued at $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,108 shares of company stock valued at $3,434,439 in the last ninety days. Insiders own 12.32% of the company’s stock.

Marriott International Trading Up 0.3 %

NASDAQ:MAR opened at $284.29 on Friday. The stock has a fifty day moving average price of $261.88 and a 200 day moving average price of $243.39. Marriott International, Inc. has a 12-month low of $200.94 and a 12-month high of $289.04. The firm has a market cap of $79.00 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 5.58 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm 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 company posted $2.11 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current 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 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 presently 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.