Bank of New York Mellon Corp Has $398.35 Million Stock Position in Marriott International, Inc. $MAR

Bank of New York Mellon Corp reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,529,508 shares of the company’s stock after selling 26,126 shares during the period. Bank of New York Mellon Corp owned about 0.56% of Marriott International worth $398,345,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after buying an additional 218 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Marriott International by 39.1% during the 1st quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock valued at $1,383,000 after purchasing an additional 1,631 shares in the last quarter. Woodline Partners LP lifted its position in shares of Marriott International by 39.6% in the first quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock worth $4,605,000 after buying an additional 5,480 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Marriott International by 21.8% in the 1st quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock worth $1,438,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in Marriott International by 80.3% during the second quarter. Sound Income Strategies LLC now owns 283 shares of the company’s stock worth $77,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MAR. Sanford C. Bernstein boosted their price objective on Marriott International from $329.00 to $369.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Wells Fargo & Company assumed coverage on Marriott International in a report on Tuesday, November 18th. They set an “overweight” rating and a $329.00 price objective on the stock. Evercore ISI raised their price objective on shares of Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. BMO Capital Markets upgraded Marriott International from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $285.00 to $370.00 in a research report on Friday, January 9th. Finally, Barclays lifted their price objective on Marriott International from $276.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $313.75.

Insiders Place Their Bets

In other Marriott International news, EVP Peggy Roe sold 2,000 shares of the firm’s stock in a transaction dated 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 owned 17,466 shares in the company, valued at approximately $5,102,167.92. This trade represents a 10.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $472,065.00. Following the transaction, the executive vice president directly owned 18,225 shares in the company, valued at $5,214,172.50. The trade was a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,289 shares of company stock valued at $25,669,425 in the last ninety days. 10.68% of the stock is currently owned by insiders.

Marriott International Trading Up 2.5%

Shares of MAR stock opened at $319.77 on Friday. The firm has a market capitalization of $85.81 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.44 and a beta of 1.16. The firm’s 50 day moving average is $310.64 and its 200-day moving average is $283.53. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $331.09.

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

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th were given a dividend of $0.67 per share. The ex-dividend date was Thursday, November 20th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Marriott International’s payout ratio is presently 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.