20,628 Marriott International, Inc. $MAR Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,251 shares of the company’s stock after buying an additional 20,628 shares during the period. Russell Investments Group Ltd. owned 0.09% of Marriott International worth $85,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. Werba Rubin Papier Wealth Management raised its position in Marriott International by 4.3% in the third quarter. Werba Rubin Papier Wealth Management now owns 679 shares of the company’s stock valued at $242,000 after purchasing an additional 28 shares during the last quarter. Terril Brothers Inc. bought a new stake in shares of Marriott International during the third quarter worth about $317,000. Maryland State Retirement & Pension System increased its stake in shares of Marriott International by 13.6% in the third quarter. Maryland State Retirement & Pension System now owns 13,339 shares of the company’s stock valued at $4,744,000 after buying an additional 1,592 shares during the period. Ritholtz Wealth Management increased its stake in shares of Marriott International by 1.1% in the third quarter. Ritholtz Wealth Management now owns 4,479 shares of the company’s stock valued at $1,593,000 after buying an additional 50 shares during the period. Finally, UNIVEST FINANCIAL Corp raised its holdings in Marriott International by 3.8% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 1,290 shares of the company’s stock valued at $459,000 after buying an additional 47 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $445.00 target price on shares of Marriott International in a research report on Wednesday, November 4th. Erste Group Bank began coverage on shares of Marriott International in a research report on Thursday, August 27th. They issued a “buy” rating for the company. China Intl Cap raised shares of Marriott International to a “strong-buy” rating in a research note on Wednesday, August 12th. Wolfe Research assumed coverage on Marriott International in a report on Wednesday, September 2nd. They issued a “hold” rating for the company. Finally, Mizuho lowered their target price on Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.04.

Recent Marriott International Headlines

Investors following MAR have been watching these headlines:

• 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 Trading Down 0.4%

MAR stock traded down $1.50 during trading on Friday, hitting $423.16. The company had a trading volume of 1,907,906 shares, compared to its average volume of 1,727,323. The business has a 50-day moving average of $374.81 and a 200-day moving average of $360.79. Marriott International, Inc. has a one year low of $280.99 and a one year high of $433.30. The stock has a market cap of $108.96 billion, a PE ratio of 42.23, a PEG ratio of 3.04 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.18. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.47 EPS. Research analysts forecast that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Dividend Announcement

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

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin Breland sold 2,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 23,899 shares in the company, valued at $10,116,924.68. The trade was a 9.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony Capuano sold 63,355 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $420.12, for a total transaction of $26,616,702.60. Following the sale, the chief executive officer directly owned 50,867 shares in the company, valued at $21,370,244.04. This trade represents a 55.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 92,953 shares of company stock valued at $38,628,659 over the last three months. 11.43% of the stock is currently owned by corporate insiders.

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.