Marriott International, Inc. (NASDAQ:MAR) Stake Cut by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in Marriott International, Inc. (NASDAQ:MAR) by 95.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,229 shares of the company’s stock after selling 24,920 shares during the period. Los Angeles Capital Management LLC’s holdings in Marriott International were worth $306,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Jensen Investment Management Inc. acquired a new stake in Marriott International in the third quarter worth $793,000. Baker Avenue Asset Management LP increased its position in Marriott International by 174.3% in the third quarter. Baker Avenue Asset Management LP now owns 20,780 shares of the company’s stock worth $5,166,000 after buying an additional 13,204 shares during the period. Axxcess Wealth Management LLC increased its position in Marriott International by 4.2% in the third quarter. Axxcess Wealth Management LLC now owns 11,684 shares of the company’s stock worth $2,905,000 after buying an additional 476 shares during the period. Houlihan Financial Resource Group Ltd. acquired a new position in shares of Marriott International during the third quarter valued at $684,000. Finally, Mesirow Financial Investment Management Inc. increased its holdings in shares of Marriott International by 5.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 4,173 shares of the company’s stock valued at $1,037,000 after purchasing an additional 210 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Down 1.1 %

Shares of NASDAQ MAR opened at $278.78 on Monday. Marriott International, Inc. has a one year low of $200.94 and a one year high of $289.04. The firm has a market capitalization of $77.47 billion, a PE ratio of 29.16, a PEG ratio of 5.48 and a beta of 1.58. The business has a 50-day moving average price of $256.59 and a two-hundred day moving average price of $241.82.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS 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 business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. Marriott International’s dividend payout ratio is 26.36%.

Insider Activity

In related news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Capuano sold 8,332 shares of the firm’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 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. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,108 shares of company stock worth $3,434,439 in the last three months. 12.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research analyst reports. Sanford C. Bernstein raised their price target on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. The Goldman Sachs Group began coverage on Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 target price on the stock. Evercore ISI lifted their target price on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, Robert W. Baird lifted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $259.00.

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.