Marriott International, Inc. $MAR Stock Position Trimmed by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. decreased its position in Marriott International, Inc. (NASDAQ:MAR) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,438 shares of the company’s stock after selling 1,000 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Marriott International were worth $3,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MAR. AlphaQuest LLC raised its stake in Marriott International by 2,750.0% during the 2nd quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares in the last quarter. Addison Advisors LLC acquired a new position in shares of Marriott International during the second quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Marriott International during the second quarter valued at about $38,000. Quaker Wealth Management LLC grew its position in Marriott International by 203.4% in the 2nd quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Finally, Westside Investment Management Inc. increased its stake in Marriott International by 198.0% during the 2nd quarter. Westside Investment Management Inc. now owns 149 shares of the company’s stock valued at $41,000 after buying an additional 99 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Barclays increased their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Robert W. Baird lowered their target price on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Finally, Truist Financial upped their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $289.87.

Marriott International Stock Up 4.8%

Shares of NASDAQ MAR opened at $295.84 on Friday. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The company has a market cap of $79.39 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.73 and a beta of 1.36. The business has a fifty day simple moving average of $270.91 and a 200-day simple moving average of $268.54.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) 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 firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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, sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Marriott International declared that its Board of Directors has approved a share buyback plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at Marriott International

In other news, insider William P. Brown sold 6,666 shares of the stock in a transaction 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 completion of the sale, the insider owned 11,000 shares in the company, valued at $3,080,440. This represents a 37.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rena Hozore Reiss sold 5,483 shares of Marriott International stock in a transaction on 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 in the company, valued at $11,300,649.60. This represents a 12.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 85,799 shares of company stock worth $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.