Marriott International, Inc. $MAR Stock Sold by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,054 shares of the company’s stock after selling 1,864 shares during the period. Trillium Asset Management LLC’s holdings in Marriott International were worth $16,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Marriott International by 2.9% during the 2nd quarter. State Street Corp now owns 9,644,773 shares of the company’s stock worth $3,574,256,000 after buying an additional 272,044 shares during the last quarter. Jupiter Topco LLC acquired a new position in shares of Marriott International in the 2nd quarter worth approximately $81,872,000. William Blair Investment Management LLC increased its holdings in shares of Marriott International by 255.5% in the 2nd quarter. William Blair Investment Management LLC now owns 300,872 shares of the company’s stock valued at $111,500,000 after acquiring an additional 216,241 shares during the last quarter. Danske Bank A S increased its holdings in shares of Marriott International by 170.4% in the 2nd quarter. Danske Bank A S now owns 326,743 shares of the company’s stock valued at $121,088,000 after acquiring an additional 205,886 shares during the last quarter. Finally, Aberdeen Group plc raised its position in shares of Marriott International by 112.9% during the 3rd quarter. Aberdeen Group plc now owns 361,748 shares of the company’s stock valued at $128,663,000 after acquiring an additional 191,811 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Felitia Lee sold 736 shares of Marriott International stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $425.85, for a total transaction of $313,425.60. Following the sale, the chief accounting officer owned 5,634 shares of the company’s stock, valued at approximately $2,399,238.90. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rena Reiss sold 4,969 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $423.32, for a total value of $2,103,477.08. Following the transaction, the executive vice president owned 38,953 shares of the company’s stock, valued at approximately $16,489,583.96. This represents a 11.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,953 shares of company stock valued at $38,628,659 in the last ninety days. Insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MAR. Stifel Nicolaus set a $402.00 price objective on Marriott International in a research note on Monday, November 2nd. Morgan Stanley boosted their target price on shares of Marriott International from $384.00 to $403.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Freedom Broker cut shares of Marriott International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Robert W. Baird increased their target price on shares of Marriott International from $395.00 to $414.00 and gave the stock a “neutral” rating in a report on Tuesday, November 3rd. Finally, Erste Group Bank started coverage on shares of Marriott International in a research report on Thursday, August 27th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.04.

Latest Marriott International News

Investors following MAR have been watching these news items:

• Positive Sentiment: Marriott agreed to add a 350-room Courtyard hotel in Bengaluru, expanding its footprint in a major South Asian market. The project is a longer-term growth opportunity rather than an immediate earnings driver. Article: Marriott signs agreement for South Asia’s largest Courtyard Hotel in Bengaluru
• Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale
• Negative Sentiment: Two insiders disclosed sales made November 10: CAO Felitia Lee sold 736 shares, and Deborah Harrison sold 11,985 shares. Such sales can raise investor concern, although both retained substantial holdings and the transactions alone do not establish a negative view of the company. Article: Marriott International insider trades

Marriott International Stock Performance

Shares of MAR traded down $1.50 during midday trading on Friday, hitting $423.16. 1,907,906 shares of the stock traded hands, compared to its average volume of 1,727,323. The business’s 50 day moving average price is $374.81 and its two-hundred day moving average price is $360.79. The firm has a market capitalization of $108.96 billion, a PE ratio of 42.23, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15. Marriott International, Inc. has a 1-year low of $280.99 and a 1-year high of $433.30.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.18. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. Marriott International’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.47 EPS. As a group, equities research analysts forecast that Marriott International, Inc. will post 12.10 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be paid a $0.73 dividend. The ex-dividend date is Thursday, November 19th. This represents a $2.92 annualized dividend and a dividend yield of 0.7%. Marriott International’s dividend payout ratio (DPR) is presently 29.14%.

Marriott International 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, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.