Cim Investment Management Inc. Has $505,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Cim Investment Management Inc. lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,030 shares of the company’s stock after selling 37 shares during the quarter. Cim Investment Management Inc.’s holdings in Marriott International were worth $505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MAR. Jensen Investment Management Inc. acquired a new position in Marriott International in the third quarter worth about $793,000. BayBridge Capital Group LLC acquired a new position in shares of Marriott International in the 3rd quarter worth approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after buying an additional 2,723 shares during the period. Kinsale Capital Group Inc. bought a new stake in Marriott International in the third quarter valued at $3,769,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Marriott International during the second quarter valued at $3,844,000. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last 90 days. 12.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Stifel Nicolaus lifted their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Evercore ISI increased their price target on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Barclays lifted their price objective on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Sanford C. Bernstein raised their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Marriott International currently has an average rating of “Hold” and an average target price of $263.70.

Marriott International Trading Down 0.6 %

Marriott International stock opened at $289.99 on Friday. The firm has a market capitalization of $80.59 billion, a P/E ratio of 30.33, a PEG ratio of 5.56 and a beta of 1.58. The business has a 50-day moving average of $274.12 and a 200-day moving average of $248.34. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $295.45.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $2.11 EPS. The business’s quarterly 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 fiscal year.

Marriott International Dividend Announcement

The company 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 dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 21st. 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.