Marriott International, Inc. $MAR Stock: Nippon Life Global Investors Americas Inc. Lowers Position

Nippon Life Global Investors Americas Inc. lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 90.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,560 shares of the company’s stock after selling 32,700 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Marriott International were worth $1,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of Marriott International by 2.9% during the 2nd quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after buying an additional 272,044 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Marriott International by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 727,472 shares of the company’s stock worth $237,893,000 after acquiring an additional 5,530 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Marriott International by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 664,123 shares of the company’s stock worth $236,209,000 after acquiring an additional 36,765 shares during the period. Swiss National Bank raised its stake in Marriott International by 5.9% during the 1st quarter. Swiss National Bank now owns 669,398 shares of the company’s stock worth $218,940,000 after acquiring an additional 37,080 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Marriott International by 15.3% during the second quarter. Hsbc Holdings PLC now owns 470,593 shares of the company’s stock valued at $174,311,000 after purchasing an additional 62,529 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR stock opened at $399.30 on Monday. The company’s fifty day moving average price is $360.20 and its 200-day moving average price is $355.73. Marriott International, Inc. has a one year low of $256.76 and a one year high of $410.98. The company has a market capitalization of $104.13 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.62% and a negative return on equity of 75.81%. On average, research analysts predict that Marriott International, Inc. will post 11.73 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 20th. Marriott International’s dividend payout ratio is 30.26%.

Key Marriott International News

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

Analyst Ratings Changes

A number of research firms have weighed in on MAR. Truist Financial upped their price target on shares of Marriott International from $356.00 to $360.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Barclays lifted their target price on shares of Marriott International from $348.00 to $363.00 and gave the company an “equal weight” rating in a research note on Friday, October 16th. Freedom Broker began coverage on shares of Marriott International in a report on Wednesday, October 14th. They issued a “buy” rating and a $408.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a research note on Friday, August 7th. Finally, Erste Group Bank initiated coverage on Marriott International in a report on Thursday, August 27th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $383.52.

Insiders Place Their Bets

In related news, insider Deborah Harrison sold 3,500 shares of the business’s stock in a transaction on Friday, September 25th. The shares were 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 in the company, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Marriott sold 3,500 shares of the company’s stock in a transaction dated 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 sale, the insider owned 282,383 shares in the company, valued at $99,424,230.47. This represents a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 11.43% of the company’s stock.

About Marriott International

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.