Marriott International, Inc. $MAR Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 8.2% during the first quarter, Holdings Channel.com reports. The firm owned 2,023,277 shares of the company’s stock after selling 179,952 shares during the period. Parnassus Investments LLC’s holdings in Marriott International were worth $481,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MAR. Brighton Jones LLC raised its holdings in shares of Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after purchasing an additional 218 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Marriott International by 34.9% in the 4th quarter. AQR Capital Management LLC now owns 225,594 shares of the company’s stock valued at $62,927,000 after purchasing an additional 58,334 shares in the last quarter. Utah Retirement Systems raised its stake in Marriott International by 0.3% during the 4th quarter. Utah Retirement Systems now owns 38,063 shares of the company’s stock worth $10,617,000 after acquiring an additional 100 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Marriott International during the 4th quarter worth $34,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in Marriott International by 9.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 51,195 shares of the company’s stock worth $13,611,000 after acquiring an additional 4,514 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the sale, the insider directly owned 5,706 shares in the company, valued at $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.68% of the stock is currently owned by company insiders.

Marriott International Stock Performance

NASDAQ MAR opened at $270.25 on Friday. The firm has a market cap of $73.36 billion, a PE ratio of 30.47, a P/E/G ratio of 2.65 and a beta of 1.44. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52. The firm’s fifty day moving average is $270.24 and its two-hundred day moving average is $259.19.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting the consensus estimate of $2.65. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 earnings per share. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has approved a share repurchase plan on Thursday, August 7th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International’s dividend payout ratio is 30.21%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MAR shares. Truist Financial cut their price target on shares of Marriott International from $300.00 to $273.00 and set a “hold” rating on the stock in a research note on Friday, May 30th. UBS Group cut their price target on shares of Marriott International from $302.00 to $299.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 21st. JPMorgan Chase & Co. started coverage on shares of Marriott International in a research note on Monday, June 23rd. They set a “neutral” rating and a $284.00 price target on the stock. Jefferies Financial Group upgraded shares of Marriott International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. Finally, Robert W. Baird lifted their price target on shares of Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $281.00.

Marriott International 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.