Pathstone Holdings LLC Increases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Pathstone Holdings LLC increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,994 shares of the company's stock after acquiring an additional 7,122 shares during the quarter. Pathstone Holdings LLC owned approximately 0.07% of Marriott International worth $51,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kinsale Capital Group Inc. purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $3,769,000. Natixis Advisors LLC grew its position in Marriott International by 18.8% in the third quarter. Natixis Advisors LLC now owns 281,499 shares of the company's stock worth $69,981,000 after acquiring an additional 44,540 shares during the period. Mizuho Securities USA LLC raised its position in Marriott International by 629.7% in the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company's stock valued at $33,554,000 after purchasing an additional 116,477 shares during the period. Coastline Trust Co acquired a new position in shares of Marriott International in the 3rd quarter valued at $99,000. Finally, Empowered Funds LLC grew its holdings in shares of Marriott International by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 3,734 shares of the company's stock worth $928,000 after purchasing an additional 172 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 0.8 %

MAR traded down $2.18 on Tuesday, reaching $279.27. The company had a trading volume of 889,968 shares, compared to its average volume of 1,473,001. The stock has a 50-day moving average price of $258.72 and a 200-day moving average price of $242.46. The stock has a market capitalization of $77.61 billion, a PE ratio of 29.21, a P/E/G ratio of 5.48 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $200.94 and a 1 year high of $289.04.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its 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 net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the company earned $2.11 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Marriott International from $267.00 to $244.00 and set a "neutral" rating for the company in a research note on Tuesday, August 13th. Morgan Stanley decreased their target price on Marriott International from $268.00 to $250.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. BMO Capital Markets lifted their target price 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott International from $222.00 to $216.00 and set a "hold" rating for the company in a research note on Thursday, August 1st. Finally, Barclays upped their target price on shares of Marriott International from $240.00 to $249.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $259.00.

Insiders Place Their Bets

In related news, 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 transaction of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares of the company's stock, valued at $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin T. Breland sold 500 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction 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 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,108 shares of company stock valued at $3,434,439. Insiders own 10.07% 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.