184,453 Shares of Marriott International, Inc. $MAR Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 184,453 shares of the company’s stock, valued at approximately $65,604,000. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Marriott International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Marriott International by 2.9% in the 2nd quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after acquiring an additional 272,044 shares during the period. Dimensional Fund Advisors LP increased its stake in Marriott International by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 727,472 shares of the company’s stock valued at $237,893,000 after buying an additional 5,530 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Marriott International by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 664,123 shares of the company’s stock worth $236,209,000 after buying an additional 36,765 shares during the last quarter. Swiss National Bank lifted its stake in shares of Marriott International by 5.9% in the 1st quarter. Swiss National Bank now owns 669,398 shares of the company’s stock worth $218,940,000 after acquiring an additional 37,080 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Marriott International by 15.3% in the second quarter. Hsbc Holdings PLC now owns 470,593 shares of the company’s stock valued at $174,311,000 after acquiring an additional 62,529 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, insider Deborah Harrison sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the completion of the sale, the insider owned 282,383 shares of the company’s stock, valued at $99,424,230.47. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Marriott sold 3,500 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the transaction, the insider owned 282,383 shares in the company, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MAR shares. Wolfe Research assumed coverage on shares of Marriott International in a research note on Wednesday, September 2nd. They issued a “hold” rating for the company. TD Cowen upgraded Marriott International to a “strong-buy” rating in a report on Tuesday, September 8th. Barclays upped their price target on Marriott International from $348.00 to $363.00 and gave the stock an “equal weight” rating in a report on Friday, October 16th. Robert W. Baird reduced their price objective on Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, Freedom Broker initiated coverage on Marriott International in a report on Wednesday, October 14th. They set a “buy” rating and a $408.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.52.

Marriott International Price Performance

Marriott International stock opened at $399.30 on Monday. Marriott International, Inc. has a 12-month low of $256.76 and a 12-month high of $410.98. The company has a market capitalization of $104.13 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15. The firm’s fifty day moving average price is $360.20 and its 200 day moving average price is $355.73.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the prior year, the company earned $2.65 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Marriott International, Inc. will post 11.73 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, August 20th were given a $0.73 dividend. The ex-dividend date was Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. Marriott International’s dividend payout ratio (DPR) is 30.26%.

Key Stories Impacting Marriott International

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
• Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
• Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
• Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
• Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings

Marriott International Company Profile

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.