Primecap Management Co. CA Has $72.79 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Primecap Management Co. CA lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,800 shares of the company’s stock after selling 5,100 shares during the quarter. Primecap Management Co. CA’s holdings in Marriott International were worth $72,790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. BDF Gestion acquired a new stake in shares of Marriott International in the second quarter worth $3,013,000. Jensen Investment Management Inc. purchased a new position in Marriott International during the 3rd quarter valued at about $793,000. CWM LLC increased its holdings in shares of Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after purchasing an additional 39,839 shares during the period. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International during the third quarter worth approximately $1,254,000. Finally, Kinsale Capital Group Inc. purchased a new position in Marriott International during the third quarter valued at approximately $3,769,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling at Marriott International

In other news, CAO Felitia Lee sold 916 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,108 shares of company stock worth $3,434,439. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

NASDAQ:MAR opened at $283.23 on Friday. Marriott International, Inc. has a 52-week low of $200.94 and a 52-week high of $289.04. The company has a market cap of $78.71 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 5.49 and a beta of 1.58. The firm’s 50-day moving average is $260.83 and its 200-day moving average is $243.01.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results 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 net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. Marriott International’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS. Equities analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

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 issued a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.89%. Marriott International’s dividend payout ratio is 26.36%.

Analysts Set New Price Targets

MAR has been the subject of a number of research reports. UBS Group decreased 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. Macquarie restated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Wells Fargo & Company increased their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird lifted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $259.00.

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.