Pacer Advisors Inc. Sells 1,935 Shares of Marriott International, Inc. (NASDAQ:MAR)

Pacer Advisors Inc. reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.9% in the third quarter, according to its most recent filing with the SEC. The fund 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.

Several other large investors also recently bought and sold shares of MAR. Harbor Capital Advisors Inc. increased its holdings in shares of Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares during the last quarter. Haverford Trust Co raised its position in Marriott International by 1.0% during the third 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. lifted its stake in shares of Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after purchasing an additional 41 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares during the period. Finally, SeaCrest Wealth Management LLC increased its position in shares of Marriott International by 1.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the sale, the executive vice president now owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated 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 directly owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,108 shares of company stock worth $3,434,439 over the last 90 days. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

Shares of MAR stock opened at $284.29 on Friday. Marriott International, Inc. has a 1-year low of $200.94 and a 1-year high of $289.04. The company has a market cap of $79.00 billion, a P/E ratio of 29.74, a PEG ratio of 5.58 and a beta of 1.58. The stock’s 50-day moving average is $261.88 and its 200 day moving average is $243.39.

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

Marriott International Announces Dividend

The firm 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 dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s payout ratio is 26.36%.

Analyst Ratings Changes

A number of research firms have weighed in on MAR. Wells Fargo & Company boosted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Mizuho increased their price objective on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Sanford C. Bernstein raised their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Truist Financial cut their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Thirteen research 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, the stock has an average rating of “Hold” and a consensus price target of $259.00.

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.