3,536 Marriott International, Inc. $MAR Shares Bought by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 25.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,191 shares of the company’s stock after acquiring an additional 3,536 shares during the period. Marriott International comprises 1.7% of Pegasus Asset Management Inc.’s holdings, making the stock its 18th largest holding. Pegasus Asset Management Inc.’s holdings in Marriott International were worth $6,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MAR. State Street Corp raised its position in Marriott International by 2.9% during the second quarter. State Street Corp now owns 9,644,773 shares of the company’s stock valued at $3,574,256,000 after purchasing an additional 272,044 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Marriott International by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 727,472 shares of the company’s stock valued at $237,893,000 after purchasing an additional 5,530 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Marriott International by 5.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 664,123 shares of the company’s stock valued at $236,209,000 after purchasing an additional 36,765 shares in the last quarter. Swiss National Bank increased its stake in shares of Marriott International by 5.9% in the 1st quarter. Swiss National Bank now owns 669,398 shares of the company’s stock valued at $218,940,000 after purchasing an additional 37,080 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Marriott International by 15.3% in the 2nd 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 during the last quarter. 70.70% of the stock is owned by institutional investors.

Key Headlines Impacting Marriott International

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott declared a quarterly cash dividend of $0.73 per share, payable December 31 to shareholders of record November 19. The annualized dividend is $2.92, a modest income-return component for investors. Marriott dividend announcement
• Positive Sentiment: Recent quarterly results beat analyst estimates for earnings and revenue; a MarketBeat review noted that fee growth outpaced room revenue, supporting the view that Marriott’s performance is not solely dependent on travel demand. Marriott earnings analysis
• Positive Sentiment: Marriott is entering Laos with a Luxury Collection property, extending its international brand presence and potential fee-generating hotel network. Marriott debuts in Laos
• Positive Sentiment: Recent headlines point to bullish views from Robert W. Baird, Barclays and Goldman Sachs, while Zacks characterized MAR as a strong momentum stock. These indicate favorable analyst and trend sentiment, though the provided reports give no price targets or detailed rationale. Baird view Barclays view Goldman Sachs view Zacks momentum article
• Negative Sentiment: CEO Anthony Capuano sold 63,355 shares for about $26.6 million, reducing his direct stake by 55.47%. EVPs Rena Reiss and Benjamin Breland also sold shares. Multiple insider sales can raise investor concern, although the filings alone do not establish the executives’ reasons. CEO SEC filing Rena Reiss SEC filing Benjamin Breland SEC filing
• Negative Sentiment: Freedom Broker downgraded Marriott from “strong buy” to “hold,” tempering the otherwise positive analyst headlines. Freedom Broker ratings

Marriott International Price Performance

NASDAQ:MAR opened at $416.47 on Friday. Marriott International, Inc. has a one year low of $280.99 and a one year high of $433.30. The company has a market cap of $107.24 billion, a PE ratio of 41.56, a P/E/G ratio of 3.07 and a beta of 1.15. The firm’s 50 day simple moving average is $366.29 and its 200 day simple moving average is $358.15.

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 the consensus estimate of $2.84 by $0.18. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 EPS. Equities research analysts expect that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, November 19th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $2.92 annualized dividend and a dividend yield of 0.7%. Marriott International’s payout ratio is currently 29.14%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MAR. The Goldman Sachs Group upped their price objective on Marriott International from $406.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $445.00 target price on shares of Marriott International in a research report on Wednesday. China Intl Cap upgraded Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. BMO Capital Markets lowered their target price on Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Marriott International from $388.00 to $406.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Marriott International has a consensus rating of “Moderate Buy” and an average target price of $399.04.

Insiders Place Their Bets

In other Marriott International news, CEO Anthony Capuano sold 63,355 shares of Marriott International stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $420.12, for a total transaction of $26,616,702.60. Following the transaction, the chief executive officer directly owned 50,867 shares of the company’s stock, valued at approximately $21,370,244.04. The trade was a 55.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah Harrison 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 value of $1,232,315.00. Following the completion of the sale, the insider owned 282,383 shares in the company, valued at $99,424,230.47. This trade represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,824 shares of company stock valued at $32,243,110 over the last ninety days. 11.43% of the stock is currently owned by corporate insiders.

Marriott International Company Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy.

The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.

Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.