Marriott International, Inc. $MAR Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 94.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450 shares of the company’s stock after selling 7,692 shares during the period. Valley National Advisers Inc.’s holdings in Marriott International were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MAR. Norges Bank purchased a new stake in Marriott International in the second quarter valued at approximately $638,968,000. Alliancebernstein L.P. lifted its stake in Marriott International by 194.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock worth $407,242,000 after acquiring an additional 1,129,555 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Marriott International during the 2nd quarter valued at about $266,084,000. Boston Partners purchased a new stake in Marriott International during the second quarter worth about $196,579,000. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Marriott International by 27,221.0% during the second quarter. Laurel Wealth Advisors LLC now owns 315,558 shares of the company’s stock worth $86,214,000 after purchasing an additional 314,403 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Activity

In related news, EVP Rena Hozore Reiss sold 5,483 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $287.11, for a total value of $1,574,224.13. Following the completion of the sale, the executive vice president directly owned 39,360 shares of the company’s stock, valued at $11,300,649.60. This represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin T. Breland sold 1,650 shares of Marriott International stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $286.10, for a total value of $472,065.00. Following the transaction, the executive vice president directly owned 18,225 shares in the company, valued at approximately $5,214,172.50. This trade represents a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 88,289 shares of company stock worth $25,669,425 over the last three months. Company insiders own 10.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MAR. Wells Fargo & Company assumed coverage on shares of Marriott International in a report on Tuesday, November 18th. They set an “overweight” rating and a $329.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. The Goldman Sachs Group raised Marriott International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $288.00 to $345.00 in a research note on Monday, December 15th. Truist Financial upped their price target on Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. Finally, BMO Capital Markets boosted their price objective 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. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.00.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $315.58 on Monday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $316.69. The company has a market capitalization of $84.69 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 3.05 and a beta of 1.15. The business has a 50-day moving average of $290.36 and a two-hundred day moving average of $275.49.

Marriott International (NASDAQ:MAR) last issued its earnings results 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 business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. As a group, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, November 20th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 20th. Marriott International’s dividend payout ratio (DPR) is 28.30%.

Marriott International Company Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.