Los Angeles Capital Management LLC Lowers Holdings in Marriott International, Inc. (NASDAQ:MAR)

Los Angeles Capital Management LLC reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 95.3% in the third quarter, according to its most recent filing with the SEC. The fund 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 hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bangor Savings Bank increased its holdings in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company's stock worth $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new position in Marriott International in the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International during the second quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new position in shares of Marriott International in the third quarter worth approximately $31,000. Finally, Unique Wealth Strategies LLC bought a new stake in Marriott International during the 2nd quarter valued at $35,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Up 1.0 %

Shares of Marriott International stock traded up $2.67 on Monday, reaching $281.45. The company's stock had a trading volume of 1,733,926 shares, compared to its average volume of 1,475,613. The company has a market capitalization of $78.21 billion, a price-to-earnings ratio of 29.16, a P/E/G 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's fifty day simple moving average is $256.59 and its two-hundred day simple moving average is $241.82.

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). 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%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $2.11 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be given 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 yield of 0.90%. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

Analysts Set New Price Targets

Several analysts recently issued reports on MAR shares. Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. TD Cowen dropped their target price on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets lifted their price target on Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird increased their price objective on Marriott International from $258.00 to $264.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $259.00.

Insider Activity at Marriott International

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Felitia Lee sold 916 shares of Marriott International stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,108 shares of company stock worth $3,434,439. Corporate insiders own 12.32% 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.