4,995 Marriott International, Inc. $MAR Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 449,874 shares of the company’s stock after selling 4,995 shares during the period. Pictet Asset Management Holding SA’s holdings in Marriott International were worth $160,007,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Pegasus Asset Management Inc. raised its position in shares of Marriott International by 25.9% in the 3rd quarter. Pegasus Asset Management Inc. now owns 17,191 shares of the company’s stock worth $6,114,000 after buying an additional 3,536 shares during the period. Guidance Capital Inc. grew its position in Marriott International by 3.9% during the third quarter. Guidance Capital Inc. now owns 674 shares of the company’s stock valued at $240,000 after acquiring an additional 25 shares during the period. United Advisor Group LLC grew its position in Marriott International by 12.0% during the third quarter. United Advisor Group LLC now owns 661 shares of the company’s stock valued at $235,000 after acquiring an additional 71 shares during the period. Waycross Partners LLC acquired a new stake in Marriott International during the third quarter worth about $1,556,000. Finally, Alps Advisors Inc. increased its stake in Marriott International by 2.0% during the third quarter. Alps Advisors Inc. now owns 3,607 shares of the company’s stock worth $1,283,000 after acquiring an additional 70 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MAR. Erste Group Bank assumed coverage on shares of Marriott International in a report on Thursday, August 27th. They issued a “buy” rating on the stock. BMO Capital Markets decreased their price objective on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Argus dropped their price objective on shares of Marriott International from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, August 14th. UBS Group cut their target price on shares of Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research note on Thursday, August 20th. Finally, TD Cowen upgraded shares of Marriott International to a “strong-buy” rating in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $399.04.

Marriott International News Roundup

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

• Positive Sentiment: Marriott declared a quarterly cash dividend of $0.73 per share, payable December 31 to shareholders of record November 19. The annualized dividend is $2.92, a modest income-return component for investors. Marriott dividend announcement
• Positive Sentiment: Recent quarterly results beat analyst estimates for earnings and revenue; a MarketBeat review noted that fee growth outpaced room revenue, supporting the view that Marriott’s performance is not solely dependent on travel demand. Marriott earnings analysis
• Positive Sentiment: Marriott is entering Laos with a Luxury Collection property, extending its international brand presence and potential fee-generating hotel network. Marriott debuts in Laos
• Positive Sentiment: Recent headlines point to bullish views from Robert W. Baird, Barclays and Goldman Sachs, while Zacks characterized MAR as a strong momentum stock. These indicate favorable analyst and trend sentiment, though the provided reports give no price targets or detailed rationale. Baird view Barclays view Goldman Sachs view Zacks momentum article
• Negative Sentiment: CEO Anthony Capuano sold 63,355 shares for about $26.6 million, reducing his direct stake by 55.47%. EVPs Rena Reiss and Benjamin Breland also sold shares. Multiple insider sales can raise investor concern, although the filings alone do not establish the executives’ reasons. CEO SEC filing Rena Reiss SEC filing Benjamin Breland SEC filing
• Negative Sentiment: Freedom Broker downgraded Marriott from “strong buy” to “hold,” tempering the otherwise positive analyst headlines. Freedom Broker ratings

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Reiss sold 4,969 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $423.32, for a total value of $2,103,477.08. Following the sale, the executive vice president directly owned 38,953 shares of the company’s stock, valued at $16,489,583.96. This trade represents a 11.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin Breland sold 2,500 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $423.32, for a total transaction of $1,058,300.00. Following the completion of the sale, the executive vice president directly owned 23,899 shares in the company, valued at approximately $10,116,924.68. This trade represents a 9.47% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 77,824 shares of company stock worth $32,243,110. Corporate insiders own 11.43% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $416.47 on Monday. The business’s 50 day moving average is $366.29 and its two-hundred day moving average is $358.15. Marriott International, Inc. has a 52-week low of $280.99 and a 52-week high of $433.30. The firm has a market cap of $107.24 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 3.07 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 EPS. On average, equities analysts expect that Marriott International, Inc. will post 12.10 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, November 19th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International’s dividend payout ratio is presently 29.14%.

Marriott International Company Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy.

The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.

Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.