Marriott International (NASDAQ:MAR) EVP Rena Hozore Reiss Sells 4,969 Shares of Company Stock

Marriott International, Inc. (NASDAQ:MAR) EVP Rena Reiss sold 4,969 shares of Marriott International stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $423.32, for a total value of $2,103,477.08. Following the transaction, the executive vice president directly owned 38,953 shares in the company, valued at approximately $16,489,583.96. The trade was a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Marriott International Price Performance

NASDAQ MAR opened at $416.47 on Friday. Marriott International, Inc. has a 12 month low of $280.99 and a 12 month high of $433.30. The company has a market capitalization of $108.60 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 3.06 and a beta of 1.15. The firm’s fifty day moving average price is $366.29 and its 200 day moving average price is $358.15.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.84 by $0.18. Marriott International had a negative return on equity of 73.98% and a net margin of 9.68%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the business earned $2.47 EPS. Marriott International’s revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Marriott International, Inc. will post 12.10 earnings per share for the current year.

Marriott International Dividend Announcement

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

Institutional Investors Weigh In On Marriott International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Marriott International by 2.9% during the second 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 period. Jupiter Topco LLC bought a new stake in Marriott International in the 2nd quarter valued at approximately $81,872,000. William Blair Investment Management LLC lifted its position in shares of Marriott International by 255.5% during the 2nd quarter. William Blair Investment Management LLC now owns 300,872 shares of the company’s stock worth $111,500,000 after buying an additional 216,241 shares during the last quarter. Danske Bank A S raised its stake in shares of Marriott International by 170.4% in the second quarter. Danske Bank A S now owns 326,743 shares of the company’s stock worth $121,088,000 after purchasing an additional 205,886 shares during the last quarter. Finally, Aberdeen Group plc grew its position in Marriott International by 112.9% during the third 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 during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Marriott International from $388.00 to $406.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. Morgan Stanley lifted their price objective on Marriott International from $384.00 to $403.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Mizuho cut their price objective on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. CICC Research assumed coverage on shares of Marriott International in a research note on Wednesday, August 12th. They set an “outperform” rating and a $410.00 target price on the stock. Finally, Citigroup increased their price objective on Marriott International from $365.00 to $450.00 and gave the stock a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $399.04.

Key Marriott International News

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 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.