Shorepoint Capital Partners LLC Buys Shares of 9,433 Marriott International, Inc. $MAR

Shorepoint Capital Partners LLC bought a new stake in Marriott International, Inc. (NASDAQ:MAR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,433 shares of the company’s stock, valued at approximately $2,457,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after purchasing an additional 218 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Marriott International in the 1st quarter valued at $486,000. American Century Companies Inc. increased its stake in shares of Marriott International by 314.1% during the first quarter. American Century Companies Inc. now owns 110,114 shares of the company’s stock worth $26,229,000 after acquiring an additional 83,522 shares during the period. Cresset Asset Management LLC raised its stake in shares of Marriott International by 12.7% during the 1st quarter. Cresset Asset Management LLC now owns 10,120 shares of the company’s stock worth $2,411,000 after buying an additional 1,137 shares in the last quarter. Finally, Versor Investments LP raised its position in Marriott International by 85.5% in the first quarter. Versor Investments LP now owns 1,484 shares of the company’s stock worth $353,000 after acquiring an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAR. The Goldman Sachs Group upgraded shares of Marriott International from a “neutral” rating to a “buy” rating and raised their target price for the company from $288.00 to $345.00 in a report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Truist Financial upped their target price on Marriott International from $278.00 to $283.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Robert W. Baird dropped their price target on Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company initiated coverage on Marriott International in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $296.87.

Marriott International Stock Up 3.3%

Shares of NASDAQ:MAR opened at $308.49 on Tuesday. The company has a market cap of $82.78 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.89 and a beta of 1.16. The business has a fifty day simple moving average of $281.81 and a 200-day simple moving average of $272.46. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $310.23.

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 analysts’ consensus estimates of $2.38 by $0.09. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

Insiders Place Their Bets

In other Marriott International news, insider Deborah Marriott Harrison sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $291.63, for a total value of $20,414,100.00. Following the transaction, the insider directly owned 175,210 shares of the company’s stock, valued at $51,096,492.30. This trade represents a 28.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rena Hozore Reiss sold 5,483 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 39,360 shares of the company’s stock, valued at $11,300,649.60. The trade was a 12.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 86,672 shares of company stock worth $25,174,655. 10.68% of the stock is owned by company insiders.

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.