Marriott International, Inc. $MAR Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 90.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of MAR. Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of Marriott International in the 1st quarter worth approximately $25,000. Wilkerson Advisory Group LLC raised its stake in Marriott International by 127.0% in the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after buying an additional 47 shares in the last quarter. IMG Wealth Management Inc. lifted its holdings in Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 41 shares during the period. Scarborough Advisors LLC purchased a new stake in Marriott International during the first quarter worth $32,000. Finally, Meeder Asset Management Inc. boosted its position in Marriott International by 57.6% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the company’s stock valued at $34,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Buying and Selling

In other Marriott International news, insider Deborah Harrison sold 3,500 shares of the firm’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 completion of the transaction, the insider owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. This trade represents a 1.22% 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, insider David S. Marriott sold 3,500 shares of Marriott International stock in a transaction on Friday, September 25th. The stock was 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 of the company’s stock, valued at $99,424,230.47. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.43% of the stock is owned by company insiders.

More 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

Marriott International Price Performance

Shares of MAR stock opened at $399.30 on Monday. The stock’s fifty day moving average price is $360.20 and its 200 day moving average price is $355.73. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98. The company has a market cap of $104.13 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. As a group, equities research analysts anticipate that Marriott International, Inc. will post 11.73 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, August 20th were given a $0.73 dividend. 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 (DPR) is presently 30.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Marriott International from $379.00 to $372.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Mizuho dropped their price objective on Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley lifted their target price on Marriott International from $384.00 to $403.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Erste Group Bank started coverage on shares of Marriott International in a report on Thursday, August 27th. They issued a “buy” rating for the company. Finally, CICC Research initiated coverage on shares of Marriott International in a research report on Wednesday, August 12th. They set an “outperform” rating and a $410.00 price target for the company. Two investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $383.52.

Marriott International Profile

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.