OLD Point Trust & Financial Services N A Buys 1,635 Shares of Marriott International, Inc. $MAR

OLD Point Trust & Financial Services N A increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 29.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,195 shares of the company’s stock after buying an additional 1,635 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Marriott International were worth $1,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC grew its position in Marriott International by 2,750.0% in the 2nd quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares during the period. Addison Advisors LLC bought a new position in Marriott International in the 2nd quarter valued at about $34,000. Darwin Wealth Management LLC acquired a new position in Marriott International during the 2nd quarter valued at about $37,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Marriott International during the 2nd quarter worth approximately $38,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Marriott International by 198.0% in the second quarter. Westside Investment Management Inc. now owns 149 shares of the company’s stock valued at $41,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $310.07 on Thursday. The business’s fifty day moving average price is $283.42 and its 200-day moving average price is $273.02. Marriott International, Inc. has a one year low of $205.40 and a one year high of $311.66. The stock has a market capitalization of $83.21 billion, a PE ratio of 32.74, a P/E/G ratio of 2.96 and a beta of 1.16.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations 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. As a group, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

Insider Buying and Selling

In other news, insider William P. Brown sold 6,666 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $280.04, for a total transaction of $1,866,746.64. Following the sale, the insider directly owned 11,000 shares in the company, valued at $3,080,440. This represents a 37.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Deborah Marriott Harrison sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total transaction of $20,414,100.00. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Insiders sold 88,289 shares of company stock valued at $25,669,425 in the last 90 days. Corporate insiders own 10.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MAR shares. BMO Capital Markets raised their price objective on Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research note on Wednesday, November 5th. Truist Financial upped their price objective on shares of Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a research report on Thursday, December 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Barclays lifted their price target on Marriott International from $274.00 to $276.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Wells Fargo & Company began coverage on Marriott International in a research note on Tuesday, November 18th. They set an “overweight” rating and a $329.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Moderate Buy” and an average price target of $297.00.

Marriott International 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.