Marriott International, Inc. $MAR Shares Acquired by Cim Investment Management Inc.

Cim Investment Management Inc. increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 99.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,067 shares of the company’s stock after purchasing an additional 2,030 shares during the quarter. Cim Investment Management Inc.’s holdings in Marriott International were worth $1,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MAR. Brighton Jones LLC lifted its stake in Marriott International by 2.5% in the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after acquiring an additional 218 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Marriott International by 0.8% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 44,337 shares of the company’s stock worth $10,561,000 after purchasing an additional 364 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Marriott International in the first quarter valued at $486,000. Horizon Investments LLC raised its stake in Marriott International by 2.4% in the first quarter. Horizon Investments LLC now owns 4,564 shares of the company’s stock valued at $1,087,000 after buying an additional 106 shares in the last quarter. Finally, Aberdeen Group plc lifted its holdings in Marriott International by 98.3% during the 1st quarter. Aberdeen Group plc now owns 173,389 shares of the company’s stock worth $40,810,000 after buying an additional 85,965 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $298.72 on Friday. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $309.42. The stock has a market cap of $80.16 billion, a P/E ratio of 31.54, a P/E/G ratio of 2.89 and a beta of 1.16. The firm has a fifty day moving average price of $281.08 and a 200 day moving average price of $272.09.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $6.46 billion. 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. Sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th will be issued 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 dividend yield of 0.9%. Marriott International’s payout ratio is presently 28.30%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MAR shares. Barclays raised their target price on Marriott International from $262.00 to $274.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Robert W. Baird reduced their price objective on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Truist Financial increased their target price on shares of Marriott International from $278.00 to $283.00 and gave the company a “hold” rating in a research report on Thursday, December 4th. Wells Fargo & Company started coverage on shares of Marriott International in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $290.20.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 1,650 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the completion of the transaction, the executive vice president directly owned 18,225 shares of the company’s stock, valued at $5,214,172.50. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Felitia Lee sold 873 shares of Marriott International stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $301.58, for a total value of $263,279.34. Following the completion of the sale, the chief accounting officer directly owned 6,510 shares in the company, valued at $1,963,285.80. This represents a 11.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 86,672 shares of company stock valued at $25,174,655. Corporate insiders own 10.68% of the company’s stock.

About Marriott International

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.