Global Wealth Management Investment Advisory Inc. Raises Stake in Marriott International, Inc. $MAR

Global Wealth Management Investment Advisory Inc. raised its stake in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 49.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,465 shares of the company’s stock after acquiring an additional 3,815 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Marriott International were worth $2,986,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Marriott International in the 2nd quarter valued at approximately $638,968,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Marriott International in the second 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. Laurel Wealth Advisors LLC increased its holdings in Marriott International by 27,221.0% in the second quarter. Laurel Wealth Advisors LLC now owns 315,558 shares of the company’s stock valued at $86,214,000 after buying an additional 314,403 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Marriott International by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 20,543,195 shares of the company’s stock valued at $5,612,606,000 after acquiring an additional 306,717 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Activity

In other Marriott International news, EVP Rena Hozore Reiss sold 5,483 shares of Marriott International stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $287.11, for a total transaction of $1,574,224.13. Following the transaction, the executive vice president directly owned 39,360 shares of the company’s stock, valued at $11,300,649.60. The trade was a 12.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peggy Roe sold 2,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $292.12, for a total transaction of $584,240.00. Following the completion of the transaction, the executive vice president directly owned 17,466 shares in the company, valued at approximately $5,102,167.92. This represents a 10.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 88,289 shares of company stock valued at $25,669,425 in the last 90 days. 10.68% of the stock is owned by corporate insiders.

Key Marriott International News

Here are the key news stories impacting Marriott International this week:

Marriott International Trading Down 0.1%

NASDAQ MAR opened at $322.96 on Wednesday. The business’s 50-day moving average price is $302.63 and its 200 day moving average price is $280.17. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $331.09. The company has a market capitalization of $86.67 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.16.

Marriott International (NASDAQ:MARGet Free Report) last posted its quarterly earnings data 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 company had revenue of $1.73 billion during the quarter, compared to the consensus estimate 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. Equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAR. Morgan Stanley lowered their price target on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Sanford C. Bernstein lifted their price target on Marriott International from $329.00 to $369.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group upgraded shares of Marriott International from a “neutral” rating to a “buy” rating and raised their target price for the company from $288.00 to $345.00 in a report on Monday, December 15th. Wells Fargo & Company assumed 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 on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $306.81.

Check Out Our Latest Analysis on Marriott International

About Marriott International

(Free Report)

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.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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