Marriott International, Inc. $MAR Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,054 shares of the company’s stock after selling 1,864 shares during the quarter. Trillium Asset Management LLC’s holdings in Marriott International were worth $16,026,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in Marriott International by 2.9% during the second quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after buying an additional 272,044 shares in the last quarter. Jupiter Topco LLC purchased a new stake in Marriott International during the second quarter worth approximately $81,872,000. William Blair Investment Management LLC increased its position in shares of Marriott International by 255.5% in the second quarter. William Blair Investment Management LLC now owns 300,872 shares of the company’s stock worth $111,500,000 after acquiring an additional 216,241 shares in the last quarter. Danske Bank A S increased its position in shares of Marriott International by 170.4% in the second quarter. Danske Bank A S now owns 326,743 shares of the company’s stock worth $121,088,000 after acquiring an additional 205,886 shares in the last quarter. Finally, Aberdeen Group plc raised its stake in shares of Marriott International by 112.9% in the 3rd quarter. Aberdeen Group plc now owns 361,748 shares of the company’s stock valued at $128,663,000 after acquiring an additional 191,811 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other Marriott International news, insider David S. Marriott 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 value of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares of the company’s stock, valued at $99,424,230.47. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $423.32, for a total value of $1,058,300.00. Following the completion of the transaction, the executive vice president directly owned 23,899 shares in the company, valued at approximately $10,116,924.68. The trade was a 9.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,953 shares of company stock valued at $38,628,659 in the last three months. 11.43% of the stock is currently owned by company insiders.

Marriott International Price Performance

Marriott International stock traded down $1.50 during midday trading on Friday, hitting $423.16. 1,907,906 shares of the stock were exchanged, compared to its average volume of 1,727,323. Marriott International, Inc. has a 1 year low of $280.99 and a 1 year high of $433.30. The firm has a market cap of $108.96 billion, a P/E ratio of 42.23, a P/E/G ratio of 3.04 and a beta of 1.15. The company has a 50 day moving average price of $374.81 and a two-hundred day moving average price of $360.79.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. The company had revenue of $7 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 EPS. As a group, analysts predict that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MAR. Deutsche Bank reduced their target price on shares of Marriott International from $379.00 to $372.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Morgan Stanley increased their price target on Marriott International from $384.00 to $403.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Argus cut their price objective on Marriott International from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Erste Group Bank initiated coverage on Marriott International in a research note on Thursday, August 27th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group upped their target price on Marriott International from $406.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.04.

More Marriott International News

Here’s some of the latest news about MAR:

• Positive Sentiment: Marriott agreed to add a 350-room Courtyard hotel in Bengaluru, expanding its footprint in a major South Asian market. The project is a longer-term growth opportunity rather than an immediate earnings driver. Article: Marriott signs agreement for South Asia’s largest Courtyard Hotel in Bengaluru
• Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale
• Negative Sentiment: Two insiders disclosed sales made November 10: CAO Felitia Lee sold 736 shares, and Deborah Harrison sold 11,985 shares. Such sales can raise investor concern, although both retained substantial holdings and the transactions alone do not establish a negative view of the company. Article: Marriott International insider trades

Marriott International 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, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.