Pacer Advisors Inc. Has $8.40 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Pacer Advisors Inc. increased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,253 shares of the company's stock after acquiring an additional 4,501 shares during the quarter. Pacer Advisors Inc.'s holdings in Marriott International were worth $8,401,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Shepherd Financial Partners LLC purchased a new position in Marriott International during the 2nd quarter worth $213,000. Nordea Investment Management AB boosted its holdings in shares of Marriott International by 245.9% in the 4th quarter. Nordea Investment Management AB now owns 164,045 shares of the company's stock worth $36,904,000 after buying an additional 116,615 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Marriott International in the 2nd quarter worth about $7,601,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Marriott International by 1.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 30,612 shares of the company's stock worth $6,017,000 after buying an additional 544 shares during the last quarter. Finally, Motco raised its stake in Marriott International by 108.3% in the 3rd quarter. Motco now owns 656 shares of the company's stock valued at $129,000 after acquiring an additional 341 shares during the period. Institutional investors own 70.70% of the company's stock.

Insider Transactions at Marriott International

In related news, Director Eric Hippeau sold 1,400 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares of the company's stock, valued at $18,085.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now directly owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Satyajit Anand sold 2,749 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the sale, the insider now owns 24,478 shares of the company's stock, valued at $6,166,742.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,003 shares of company stock valued at $30,435,493. 12.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of research reports. Robert W. Baird lowered their price objective on Marriott International from $250.00 to $248.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 14th. BMO Capital Markets upped their price target on Marriott International from $230.00 to $235.00 and gave the company a "market perform" rating in a research report on Wednesday, February 14th. Argus upped their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. UBS Group upped their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. Finally, Barclays upped their price objective on shares of Marriott International from $234.00 to $239.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Marriott International presently has an average rating of "Hold" and an average target price of $236.81.

Marriott International Stock Down 0.5 %

Shares of NASDAQ:MAR traded down $1.25 on Thursday, hitting $252.31. 999,223 shares of the company traded hands, compared to its average volume of 1,439,591. Marriott International, Inc. has a 52 week low of $160.15 and a 52 week high of $256.53. The stock has a 50 day simple moving average of $245.80 and a 200-day simple moving average of $219.55. The company has a market cap of $75.34 billion, a PE ratio of 24.76, a PEG ratio of 1.83 and a beta of 1.62.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to analysts' expectations of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. Marriott International's revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 9.47 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, February 21st. Marriott International's dividend payout ratio (DPR) is presently 20.41%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.