Primecap Management Co. CA Reduces Stock Position in Marriott International, Inc. $MAR

Primecap Management Co. CA cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 279,020 shares of the company’s stock after selling 8,200 shares during the period. Primecap Management Co. CA owned about 0.10% of Marriott International worth $76,231,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MAR. Oppenheimer Asset Management Inc. bought a new position in Marriott International in the 2nd quarter worth $613,000. Nissay Asset Management Corp Japan ADV raised its stake 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. grew its stake in shares of Marriott International by 15.6% during the 1st 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. increased its holdings in 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 worth $52,389,000 after acquiring an additional 8,149 shares in the last quarter. Finally, Swedbank AB lifted its holdings in Marriott International by 1.3% during the first quarter. Swedbank AB now owns 68,429 shares of the company’s stock valued at $16,300,000 after purchasing an additional 881 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Activity

In other news, EVP Rena Hozore Reiss sold 5,483 shares of Marriott International stock in a transaction that occurred on Friday, November 7th. The stock was 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 owned 39,360 shares in the company, valued at approximately $11,300,649.60. The trade was a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William P. Brown sold 6,666 shares of the 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 sale, the insider owned 11,000 shares in the company, valued at $3,080,440. The trade was a 37.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 85,799 shares of company stock worth $24,911,376. 10.68% of the stock is owned by insiders.

Marriott International Trading Up 0.5%

Shares of Marriott International stock opened at $284.20 on Thursday. The firm has a market cap of $76.27 billion, a PE ratio of 30.01, a PEG ratio of 2.74 and a beta of 1.36. The stock has a 50 day moving average of $270.04 and a 200 day moving average of $268.10. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data 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 negative return on equity of 89.29% and a net margin of 10.07%.The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations 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. As a group, equities research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board has initiated a stock buyback program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th will be issued a $0.67 dividend. The ex-dividend date 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 28.30%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Truist Financial upped their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Wells Fargo & Company started coverage on Marriott International in a research report on Tuesday. They issued an “overweight” rating and a $329.00 price objective on the stock. Morgan Stanley cut their target price on 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, Robert W. Baird lowered their price target on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and a consensus target price of $289.87.

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.