Bank Julius Baer & Co. Ltd Zurich Has $66.46 Million Stock Position in Marriott International, Inc. $MAR

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,239 shares of the company’s stock after selling 7,961 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.09% of Marriott International worth $66,455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Headwater Capital Co Ltd bought a new stake in Marriott International in the 2nd quarter valued at $21,857,000. Prudential PLC raised its position in shares of Marriott International by 47.8% during the second quarter. Prudential PLC now owns 5,195 shares of the company’s stock valued at $1,419,000 after buying an additional 1,679 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Marriott International in the second quarter valued at about $1,496,000. Winnow Wealth LLC bought a new position in Marriott International during the second quarter valued at about $164,000. Finally, Ensign Peak Advisors Inc raised its holdings in Marriott International by 26.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 928,909 shares of the company’s stock valued at $253,787,000 after acquiring an additional 195,865 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company began coverage on Marriott International in a research report on Tuesday. They set an “overweight” rating and a $329.00 price objective on the stock. 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 report on Wednesday, September 3rd. Morgan Stanley reduced their price objective on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Barclays upped their target price on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Robert W. Baird cut their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.87.

Insider Buying and Selling

In other Marriott International news, insider Deborah Marriott Harrison sold 70,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total value of $20,414,100.00. Following the completion of the transaction, the insider directly owned 175,210 shares of the company’s stock, valued at approximately $51,096,492.30. The trade was a 28.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 6,666 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $280.04, for a total transaction of $1,866,746.64. Following the sale, the insider directly owned 11,000 shares in the company, valued at $3,080,440. This trade represents a 37.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 85,799 shares of company stock valued at $24,911,376 in the last 90 days. 10.68% of the stock is owned by corporate insiders.

Marriott International Stock Down 0.6%

Shares of Marriott International stock opened at $282.38 on Friday. The stock has a market capitalization of $75.78 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.75 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. The company has a 50-day simple moving average of $270.33 and a 200 day simple moving average of $268.20.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates 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. On average, equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.9%. Marriott International’s payout ratio is currently 28.30%.

Marriott International declared that its Board of Directors has approved a share buyback plan on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Marriott International 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.