Mutual of America Capital Management LLC Has $7.16 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Mutual of America Capital Management LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,791 shares of the company’s stock after selling 1,487 shares during the period. Mutual of America Capital Management LLC’s holdings in Marriott International were worth $7,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canoe Financial LP acquired a new position in shares of Marriott International in the third quarter worth $77,331,000. International Assets Investment Management LLC increased its position in Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after purchasing an additional 300,543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Marriott International by 36,856.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock valued at $58,346,000 after buying an additional 240,674 shares during the last quarter. Capital International Investors grew its stake in shares of Marriott International by 4.7% in the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock valued at $831,836,000 after buying an additional 149,378 shares in the last quarter. Finally, AXA S.A. increased its holdings in Marriott International by 133.4% in the second quarter. AXA S.A. now owns 221,045 shares of the company’s stock worth $53,442,000 after buying an additional 126,323 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 1.0 %

Shares of MAR stock opened at $281.45 on Tuesday. The company has a market capitalization of $78.21 billion, a P/E ratio of 29.44, a P/E/G ratio of 5.48 and a beta of 1.58. Marriott International, Inc. has a 12 month low of $200.94 and a 12 month high of $289.04. The stock has a 50 day moving average of $257.65 and a two-hundred day moving average of $242.15.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the company posted $2.11 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. Marriott International’s dividend payout ratio is currently 26.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on MAR. Mizuho boosted their target price on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. UBS Group cut their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Finally, Evercore ISI upped their target price 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. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and an average price target of $259.00.

Insider Buying and Selling

In other news, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction that occurred on 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 owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,108 shares of company stock worth $3,434,439 in the last 90 days. 12.32% of the stock is owned by company insiders.

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.