Benjamin Breland Sells 1,650 Shares of Marriott International (NASDAQ:MAR) Stock

Marriott International, Inc. (NASDAQ:MAR) EVP Benjamin Breland sold 1,650 shares of Marriott International stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $286.10, for a total transaction of $472,065.00. Following the completion of the transaction, the executive vice president directly owned 18,225 shares of the company’s stock, valued at $5,214,172.50. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Marriott International Stock Performance

MAR opened at $291.90 on Wednesday. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The company’s 50-day simple moving average is $267.60 and its two-hundred day simple moving average is $266.43. The stock has a market capitalization of $78.33 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.99 and a beta of 1.36.

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

Marriott International declared that its board has approved a share repurchase plan on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, November 20th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis 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 research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Truist Financial raised their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Barclays lifted their price objective on 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 dropped their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Finally, 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 report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.40.

Hedge Funds Weigh In On Marriott International

Hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Marriott International during the 2nd quarter worth approximately $613,000. Nissay Asset Management Corp Japan ADV increased its holdings in Marriott International by 9.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company’s stock worth $15,005,000 after purchasing an additional 5,482 shares during the period. Permanens Capital L.P. raised its holdings in Marriott International by 15.6% in the first quarter. Permanens Capital L.P. now owns 15,396 shares of the company’s stock valued at $3,667,000 after acquiring an additional 2,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Marriott International by 3.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company’s stock valued at $52,389,000 after purchasing an additional 8,149 shares in the last quarter. Finally, Swedbank AB lifted its holdings in Marriott International by 1.3% during the 1st quarter. Swedbank AB now owns 68,429 shares of the company’s stock worth $16,300,000 after buying an additional 881 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Company 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.