Pathstone Holdings LLC Has $57.62 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Pathstone Holdings LLC cut its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,580 shares of the company’s stock after selling 2,414 shares during the period. Pathstone Holdings LLC owned 0.07% of Marriott International worth $57,623,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Marriott International in the 4th quarter worth about $580,922,000. Wellington Management Group LLP grew its holdings in shares of Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after buying an additional 1,570,144 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Marriott International in the fourth quarter worth about $165,162,000. Invesco Ltd. boosted its holdings in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after buying an additional 512,963 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in Marriott International by 36,564.5% during the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after purchasing an additional 359,795 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Up 0.8%

Shares of Marriott International stock opened at $274.14 on Wednesday. The stock has a market cap of $75.09 billion, a price-to-earnings ratio of 32.95, a P/E/G ratio of 3.42 and a beta of 1.39. The company’s fifty day moving average is $238.14 and its 200 day moving average is $266.56. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.07. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Marriott International’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 earnings per share. As a group, equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 23rd will be issued a $0.67 dividend. This is an increase from Marriott International’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, May 23rd. Marriott International’s payout ratio is presently 28.70%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAR. Truist Financial lowered their price target on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group upgraded Marriott International from a “hold” rating to a “buy” rating and increased their target price for the stock from $226.00 to $303.00 in a research note on Monday. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research report on Tuesday, February 4th. Barclays dropped their price target on Marriott International from $283.00 to $236.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their price target on Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. Thirteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $276.60.

Insider Buying and Selling

In other Marriott International news, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at approximately $7,089,714.45. The trade was a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at approximately $1,262,811.48. This trade represents a 18.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 over the last ninety days. 10.68% of the stock is owned by corporate insiders.

About Marriott International

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.