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

Pitcairn Co. reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 35.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. National Pension Service boosted its holdings in Marriott International by 11.6% in the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after purchasing an additional 74,832 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares during the last quarter. First Pacific Advisors LP grew its position in Marriott International by 2.1% during the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Marriott International by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after acquiring an additional 12,702 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research 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 for the company in a research note on Tuesday, August 13th. The Goldman Sachs Group started coverage on shares of Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Barclays increased their price target on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI lifted their price objective on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average target price of $259.00.

Marriott International Trading Up 0.3 %

Shares of NASDAQ MAR opened at $284.29 on Monday. The firm’s 50-day moving average is $261.88 and its 200-day moving average is $243.45. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.04. The firm has a market capitalization of $79.00 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 5.59 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 EPS 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 business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate 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. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This trade represents a 7.14 % 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 ninety days. Company insiders own 10.07% of the company’s stock.

Marriott International 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.