Pathstone Holdings LLC Boosts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Pathstone Holdings LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,994 shares of the company’s stock after buying an additional 7,122 shares during the period. Pathstone Holdings LLC’s holdings in Marriott International were worth $51,956,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in shares of Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares in the last quarter. Haverford Trust Co increased its position in Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock valued at $1,046,000 after buying an additional 40 shares in the last quarter. Rockland Trust Co. boosted its holdings in Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock worth $436,000 after acquiring an additional 41 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Marriott International by 1.4% during the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after acquiring an additional 46 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of Marriott International by 1.5% in 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.

Marriott International Stock Up 1.0 %

Shares of NASDAQ MAR opened at $281.45 on Tuesday. The stock 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 52 week low of $200.94 and a 52 week high of $289.04. The firm has a 50-day simple moving average of $257.65 and a 200-day simple moving average of $242.15.

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). The business 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%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $2.11 earnings per share. As a group, equities research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

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

Analyst Ratings Changes

MAR has been the subject of a number of research analyst reports. UBS Group decreased their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Sanford C. Bernstein boosted their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Barclays lifted their target price on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised their price target on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International 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. Based on data from MarketBeat, Marriott International currently has an average rating of “Hold” and an average target price of $259.00.

Insider Activity

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,108 shares of company stock valued at $3,434,439. 10.07% of the stock is currently owned by insiders.

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.