PNC Financial Services Group Inc. Decreases Stake in Marriott International, Inc. $MAR

PNC Financial Services Group Inc. lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 444,931 shares of the company’s stock after selling 3,132 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Marriott International were worth $121,560,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Morse Asset Management Inc purchased a new stake in shares of Marriott International in the 1st quarter valued at $30,000. AlphaQuest LLC lifted its position in Marriott International by 2,750.0% during the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares during the period. Addison Advisors LLC acquired a new stake in Marriott International during the 2nd quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Marriott International in the 2nd quarter valued at about $38,000. Finally, Quaker Wealth Management LLC grew its holdings in Marriott International by 203.4% during the second quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock worth $41,000 after acquiring an additional 295 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 6,666 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $280.04, for a total value of $1,866,746.64. Following the completion of the transaction, the insider owned 11,000 shares in the company, valued at $3,080,440. The trade was a 37.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 1,650 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $286.10, for a total value of $472,065.00. Following the sale, the executive vice president owned 18,225 shares in the company, valued at approximately $5,214,172.50. This trade represents a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 85,799 shares of company stock worth $24,911,376 over the last 90 days. 10.68% of the stock is owned by insiders.

Marriott International Stock Performance

Shares of Marriott International stock opened at $291.67 on Thursday. The stock has a 50 day moving average of $268.14 and a 200 day moving average of $266.60. The firm has a market capitalization of $78.27 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.82 and a beta of 1.36. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. Analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International declared that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, November 20th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 20th. Marriott International’s payout ratio is currently 28.30%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Barclays increased their price objective on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Morgan Stanley lowered their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Finally, BMO Capital Markets increased their target price on shares of Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $286.40.

About Marriott International

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.