MainStreet Investment Advisors LLC Has $4.20 Million Stake in Marriott International, Inc. $MAR

MainStreet Investment Advisors LLC reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,380 shares of the company’s stock after selling 555 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Marriott International were worth $4,202,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. raised its position in Marriott International by 194.7% during the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock valued at $407,242,000 after purchasing an additional 1,129,555 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Marriott International during the second quarter worth $266,084,000. Wellington Management Group LLP lifted its stake in shares of Marriott International by 16.4% in the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock valued at $1,292,809,000 after acquiring an additional 766,309 shares during the last quarter. Boston Partners acquired a new stake in shares of Marriott International during the 2nd quarter valued at $196,579,000. Finally, Nuveen LLC acquired a new position in Marriott International in the 1st quarter worth about $166,059,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research analyst reports. Barclays boosted their target price on Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Robert W. Baird lowered their target price on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Morgan Stanley dropped their price objective on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets boosted their target price on shares of Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and an average target price of $286.40.

Insider Buying and Selling

In other news, insider William P. Brown sold 6,666 shares of Marriott International stock in a transaction dated 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. This trade represents a 37.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 5,483 shares of the company’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 transaction of $1,574,224.13. Following the sale, the executive vice president 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 SEC filing for this sale provides additional information. Insiders have sold a total of 85,799 shares of company stock worth $24,911,376 in the last quarter. 10.68% of the stock is currently owned by company insiders.

Marriott International Stock Performance

Shares of MAR stock opened at $282.89 on Tuesday. The firm has a market cap of $75.91 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 2.76 and a beta of 1.36. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The firm’s 50-day simple moving average is $269.22 and its two-hundred day simple moving average is $267.76.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (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 during 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. Analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

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

Marriott International announced that its board has initiated a stock repurchase program on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.