Aigen Investment Management LP Has $2.88 Million Holdings in Marriott International, Inc. (NASDAQ:MAR)

Aigen Investment Management LP cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 22.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,590 shares of the company's stock after selling 3,389 shares during the period. Marriott International accounts for about 0.6% of Aigen Investment Management LP's holdings, making the stock its 25th biggest position. Aigen Investment Management LP's holdings in Marriott International were worth $2,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings 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 acquiring an additional 38 shares in the last quarter. Rockland Trust Co. raised its position in shares of Marriott International by 2.3% during the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company's stock valued at $436,000 after acquiring an additional 41 shares during the last quarter. Park Avenue Securities LLC boosted its position 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 worth $797,000 after purchasing an additional 46 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Marriott International by 1.5% during the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company's stock worth $743,000 after acquiring an additional 46 shares in the last quarter. Finally, Quent Capital LLC increased its stake in Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company's stock valued at $162,000 after buying an additional 47 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MAR shares. Mizuho upped their target price on Marriott International from $233.00 to $246.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Evercore ISI boosted their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Macquarie restated a "neutral" rating and set a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Finally, BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report 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's stock. According to data from MarketBeat, Marriott International currently has a consensus rating of "Hold" and an average price target of $259.00.

Insider Buying and Selling at Marriott International

In related news, CAO Felitia Lee sold 916 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company's stock, valued at approximately $1,550,776.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Felitia Lee sold 916 shares of Marriott International 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 in the company, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of MAR traded up $0.11 during midday trading on Tuesday, hitting $286.02. The company had a trading volume of 1,143,175 shares, compared to its average volume of 1,474,454. Marriott International, Inc. has a 1 year low of $196.24 and a 1 year high of $287.00. The firm has a market capitalization of $79.48 billion, a P/E ratio of 29.91, a P/E/G ratio of 6.15 and a beta of 1.58. The company's 50-day simple moving average is $252.26 and its 200-day simple moving average is $240.54.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (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 firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the prior year, the business earned $2.11 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Marriott International, Inc. will post 9.27 earnings per share for the current fiscal 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 issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. 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.