Marriott International, Inc. $MAR Shares Sold by Renaissance Group LLC

Renaissance Group LLC decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 23.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,170 shares of the company’s stock after selling 665 shares during the quarter. Renaissance Group LLC’s holdings in Marriott International were worth $593,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in Marriott International by 194.7% in the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock valued at $407,242,000 after acquiring an additional 1,129,555 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Marriott International during the second quarter worth $266,084,000. Wellington Management Group LLP raised its stake in shares of Marriott International by 16.4% during the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock worth $1,292,809,000 after buying an additional 766,309 shares during the last quarter. Boston Partners acquired a new position in Marriott International during the second quarter worth about $196,579,000. Finally, Nuveen LLC acquired a new stake in Marriott International during the 1st quarter valued at $166,059,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR opened at $284.20 on Thursday. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The firm has a market capitalization of $76.27 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.74 and a beta of 1.36. The company has a 50-day simple moving average of $270.04 and a 200-day simple moving average of $268.10.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its board has approved a share buyback program on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $2.68 annualized dividend and a yield of 0.9%. Marriott International’s dividend payout ratio is currently 28.30%.

Insiders Place Their Bets

In other news, EVP Rena Hozore Reiss sold 5,483 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $287.11, for a total value of $1,574,224.13. Following the transaction, the executive vice president owned 39,360 shares of the company’s stock, valued at approximately $11,300,649.60. This trade represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 1,650 shares of Marriott International stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the completion of the transaction, the executive vice president directly owned 18,225 shares in the company, valued at approximately $5,214,172.50. The trade was a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 85,799 shares of company stock valued at $24,911,376 over the last 90 days. Corporate insiders own 10.68% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of a number of recent research reports. Barclays upped their target price on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. BMO Capital Markets increased their target price on shares of Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. Wells Fargo & Company started coverage on shares of Marriott International in a report on Tuesday. They set an “overweight” rating and a $329.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Finally, Robert W. Baird cut their target price on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.87.

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.