Winnow Wealth LLC bought a new position in Marriott International, Inc. (NASDAQ:MAR – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 600 shares of the company’s stock, valued at approximately $164,000.
Other hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc raised its stake in Marriott International by 26.7% during the second quarter. Ensign Peak Advisors Inc now owns 928,909 shares of the company’s stock worth $253,787,000 after purchasing an additional 195,865 shares during the period. Quilter Plc increased its holdings in shares of Marriott International by 1.2% during the 2nd quarter. Quilter Plc now owns 220,854 shares of the company’s stock worth $60,340,000 after buying an additional 2,570 shares during the last quarter. Empirical Finance LLC lifted its holdings in Marriott International by 0.6% in the second quarter. Empirical Finance LLC now owns 8,892 shares of the company’s stock valued at $2,429,000 after acquiring an additional 54 shares during the last quarter. Traub Capital Management LLC acquired a new stake in Marriott International during the second quarter worth $69,000. Finally, Vanguard Group Inc. boosted its stake in shares of Marriott International by 1.5% in the second quarter. Vanguard Group Inc. now owns 20,543,195 shares of the company’s stock valued at $5,612,606,000 after purchasing an additional 306,717 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on MAR shares. Barclays increased their price objective on Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Morgan Stanley lowered their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. BMO Capital Markets increased their price objective on shares of Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Finally, Robert W. Baird cut their price target on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and an average target price of $289.87.
Marriott International Stock Up 1.0%
NASDAQ:MAR opened at $287.07 on Thursday. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The stock’s 50 day moving average price is $270.04 and its 200 day moving average price is $268.10. The company has a market capitalization of $77.03 billion, a PE ratio of 30.26, a P/E/G ratio of 2.74 and a beta of 1.36.
Marriott International (NASDAQ:MAR – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%. 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, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.
Marriott International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, November 20th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Marriott International’s dividend payout ratio is 28.30%.
Marriott International declared that its board has initiated a stock buyback program on Thursday, August 7th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Insider Activity
In other Marriott International news, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $292.12, for a total transaction of $584,240.00. Following the completion of the sale, the executive vice president directly owned 17,466 shares of the company’s stock, valued at $5,102,167.92. This represents a 10.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 6,666 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $280.04, for a total value of $1,866,746.64. Following the sale, the insider owned 11,000 shares of the company’s stock, valued at $3,080,440. This trade represents a 37.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 85,799 shares of company stock valued at $24,911,376. Insiders own 10.68% of the company’s stock.
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.
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