Marriott International, Inc. $MAR Stock: Sumitomo Mitsui Trust Group Inc. Decreases Position

Sumitomo Mitsui Trust Group Inc. decreased its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 488,525 shares of the company’s stock after selling 19,363 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Marriott International were worth $173,754,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MAR. Mirae Asset Global Investments Co. Ltd. bought a new stake in Marriott International in the third quarter worth $65,604,000. ProShare Advisors LLC boosted its stake in Marriott International by 3.2% during the third quarter. ProShare Advisors LLC now owns 288,709 shares of the company’s stock worth $102,685,000 after buying an additional 8,951 shares during the period. Vise Technologies Inc. increased its position in Marriott International by 20.3% during the third quarter. Vise Technologies Inc. now owns 7,516 shares of the company’s stock valued at $2,673,000 after acquiring an additional 1,269 shares during the last quarter. Moss Adams Wealth Advisors LLC bought a new position in Marriott International during the third quarter valued at $310,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Marriott International in the third quarter valued at $203,000. Institutional investors own 70.70% of the company’s stock.

Insider Activity at Marriott International

In other news, insider Deborah Harrison sold 3,500 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Marriott sold 3,500 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $352.09, for a total value of $1,232,315.00. Following the sale, the insider owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.43% of the stock is currently owned by corporate insiders.

Marriott International News Summary

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
• Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
• Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
• Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
• Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $399.30 on Monday. Marriott International, Inc. has a 52-week low of $256.76 and a 52-week high of $410.98. The firm has a market capitalization of $104.13 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 3.04 and a beta of 1.15. The stock has a 50 day moving average price of $360.20 and a 200 day moving average price of $355.73.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 2nd. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.84 by $0.18. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. Analysts forecast that Marriott International, Inc. will post 11.73 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. Marriott International’s dividend payout ratio (DPR) is 30.26%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Marriott International from $365.00 to $343.00 and set a “hold” rating for the company in a research note on Monday, August 3rd. Truist Financial raised their price objective on shares of Marriott International from $356.00 to $360.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Barclays boosted their target price on Marriott International from $348.00 to $363.00 and gave the company an “equal weight” rating in a research report on Friday, October 16th. TD Cowen raised Marriott International to a “strong-buy” rating in a research note on Tuesday, September 8th. Finally, UBS Group reduced their price target on Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.52.

Marriott International Company Profile

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.