Allworth Financial LP Acquires 4,433 Shares of Marriott International, Inc. $MAR

Allworth Financial LP lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 139.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,618 shares of the company’s stock after acquiring an additional 4,433 shares during the period. Allworth Financial LP’s holdings in Marriott International were worth $2,081,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc bought a new position in shares of Marriott International during the 1st quarter worth about $30,000. AlphaQuest LLC increased its stake in Marriott International by 2,750.0% during the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. Addison Advisors LLC acquired a new position in Marriott International in the 2nd quarter valued at approximately $34,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $38,000. Finally, Quaker Wealth Management LLC grew its holdings in shares of Marriott International by 203.4% during the 2nd quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,650 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $286.10, for a total value of $472,065.00. Following the completion of the sale, the executive vice president owned 18,225 shares of the company’s stock, valued at approximately $5,214,172.50. This represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peggy Roe sold 2,000 shares of Marriott International stock in a transaction on Monday, November 10th. The stock was sold at an average price of $292.12, for a total transaction of $584,240.00. Following the transaction, the executive vice president directly owned 17,466 shares in the company, valued at approximately $5,102,167.92. This represents a 10.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 85,799 shares of company stock worth $24,911,376. 10.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MAR has been the subject of several research reports. BMO Capital Markets raised their target price on Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Robert W. Baird lowered their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Barclays raised their price target on shares of Marriott International from $262.00 to $274.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Truist Financial boosted their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $286.40.

Marriott International Stock Down 0.1%

Shares of MAR opened at $291.67 on Thursday. The stock’s fifty day simple moving average is $268.14 and its 200-day simple moving average is $266.60. The firm has a market capitalization of $78.27 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.82 and a beta of 1.36. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $6.46 billion. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International declared that its board has initiated a share repurchase plan on Thursday, August 7th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $2.68 annualized dividend and a yield of 0.9%. Marriott International’s dividend payout ratio is presently 28.30%.

Marriott International Company Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.