Marriott International, Inc. $MAR Position Increased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,414 shares of the company’s stock after buying an additional 1,778 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Marriott International were worth $9,402,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in Marriott International during the 2nd quarter worth about $613,000. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Marriott International by 9.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company’s stock worth $15,005,000 after buying an additional 5,482 shares during the period. Permanens Capital L.P. raised its holdings in shares of Marriott International by 15.6% during 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 acquiring an additional 8,149 shares in the last quarter. Finally, Swedbank AB boosted its stake in Marriott International by 1.3% in the 1st quarter. Swedbank AB now owns 68,429 shares of the company’s stock worth $16,300,000 after purchasing an additional 881 shares during the period. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Marriott International

In other news, 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 transaction of $472,065.00. Following the completion of the sale, the executive vice president owned 18,225 shares in the company, valued at approximately $5,214,172.50. This represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 5,483 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $287.11, for a total value of $1,574,224.13. Following the completion of the transaction, the executive vice president directly owned 39,360 shares in the company, valued at $11,300,649.60. The trade was a 12.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 85,799 shares of company stock worth $24,911,376 in the last 90 days. Insiders own 10.68% of the company’s stock.

Marriott International Stock Performance

Shares of MAR opened at $287.43 on Friday. The firm has a market cap of $77.13 billion, a PE ratio of 30.35, a PEG ratio of 2.82 and a beta of 1.36. The firm’s 50 day moving average price is $268.51 and its 200 day moving average price is $266.75. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, topping the consensus estimate 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 analyst estimates 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. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

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

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.