First Trust Advisors LP Raises Stock Holdings in Marriott International, Inc. $MAR

First Trust Advisors LP raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,354 shares of the company’s stock after buying an additional 35,038 shares during the period. First Trust Advisors LP’s holdings in Marriott International were worth $50,094,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Marriott International in the second quarter worth about $613,000. Nissay Asset Management Corp Japan ADV grew its position in shares of Marriott International by 9.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company’s stock worth $15,005,000 after buying an additional 5,482 shares during the last quarter. Permanens Capital L.P. increased its stake in shares of Marriott International by 15.6% during the first quarter. Permanens Capital L.P. now owns 15,396 shares of the company’s stock valued at $3,667,000 after buying an additional 2,076 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Marriott International by 3.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company’s stock valued at $52,389,000 after acquiring an additional 8,149 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Marriott International by 1.3% in the first quarter. Swedbank AB now owns 68,429 shares of the company’s stock valued at $16,300,000 after acquiring an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 1.6%

Shares of NASDAQ:MAR opened at $287.82 on Tuesday. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $309.42. The stock has a market capitalization of $77.24 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 2.83 and a beta of 1.15. The stock has a fifty day simple moving average of $278.88 and a two-hundred day simple moving average of $271.30.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations 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 and its FY 2025 guidance at 9.980-10.060 EPS. As a group, equities research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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

Insiders Place Their Bets

In related news, insider William P. Brown sold 6,666 shares of the stock in a transaction on Thursday, November 6th. The stock was 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 of the company’s stock, valued at $3,080,440. This trade represents a 37.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Deborah Marriott Harrison sold 70,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was 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. This trade represents a 28.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,672 shares of company stock worth $25,174,655 in the last three months. Corporate insiders own 10.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial upped their price objective on shares of Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. Wells Fargo & Company started coverage on shares of Marriott International in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 price target for the company. Robert W. Baird cut their price objective on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Morgan Stanley decreased their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets lifted their price target on Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $290.20.

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.