Marriott International, Inc. $MAR Stock: Pegasus Asset Management Inc. Raises Holdings

Pegasus Asset Management Inc. grew its position in Marriott International, Inc. (NASDAQ:MAR) by 25.9% during the third quarter, HoldingsChannel reports. The firm owned 17,191 shares of the company’s stock after buying an additional 3,536 shares during the period. Marriott International comprises approximately 1.7% of Pegasus Asset Management Inc.’s portfolio, making the stock its 18th largest holding. Pegasus Asset Management Inc.’s holdings in Marriott International were worth $6,114,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Guidance Capital Inc. raised its stake in Marriott International by 3.9% during the third quarter. Guidance Capital Inc. now owns 674 shares of the company’s stock worth $240,000 after buying an additional 25 shares during the last quarter. Kintegral Advisory LLC lifted its holdings in Marriott International by 0.6% in the third quarter. Kintegral Advisory LLC now owns 4,731 shares of the company’s stock valued at $1,683,000 after buying an additional 26 shares during the period. Evergreen Capital Management LLC lifted its holdings in Marriott International by 0.5% in the third quarter. Evergreen Capital Management LLC now owns 5,366 shares of the company’s stock valued at $1,909,000 after buying an additional 26 shares during the period. World Equity Group Inc. boosted its position in Marriott International by 2.0% during the second quarter. World Equity Group Inc. now owns 1,437 shares of the company’s stock valued at $533,000 after acquiring an additional 28 shares during the last quarter. Finally, Founders Financial Securities LLC boosted its position in Marriott International by 0.8% during the third quarter. Founders Financial Securities LLC now owns 3,493 shares of the company’s stock valued at $1,242,000 after acquiring an additional 28 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Down 0.2%

Shares of NASDAQ MAR opened at $416.47 on Friday. The firm 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 company’s fifty day simple moving average is $366.29 and its 200 day simple moving average is $358.15. Marriott International, Inc. has a 12-month low of $280.99 and a 12-month high of $433.30.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results 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. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the firm posted $2.47 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Marriott International, Inc. will post 12.10 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders 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 currently 29.14%.

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 2,500 shares of the company’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 transaction of $1,058,300.00. Following the transaction, the executive vice president directly owned 23,899 shares of the company’s stock, valued at approximately $10,116,924.68. This represents a 9.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rena Reiss sold 4,969 shares of the 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 completion of the transaction, the executive vice president owned 38,953 shares in the company, valued at approximately $16,489,583.96. The trade was a 11.31% 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 worth $32,243,110 over the last 90 days. 11.43% of the stock is owned by company insiders.

Marriott International News Roundup

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Erste Group Bank initiated coverage on Marriott International in a report on Thursday, August 27th. They set a “buy” rating for the company. Truist Financial boosted their price objective on Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Argus decreased their target price on Marriott International from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Friday, August 14th. The Goldman Sachs Group lifted their target price on Marriott International from $406.00 to $456.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Finally, Wells Fargo & Company boosted their price target on Marriott International from $426.00 to $463.00 and gave the company an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Marriott International presently has an average rating of “Moderate Buy” and a consensus target price of $399.04.

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.