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

Bank of New York Mellon Corp decreased its position in Marriott International, Inc. (NASDAQ:MAR) by 1.7% during the 3rd quarter, according to its most recent filing with the SEC. 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’s holdings in Marriott International were worth $398,345,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Marriott International during the second quarter worth $613,000. Headwater Capital Co Ltd acquired a new position in Marriott International in the 2nd quarter worth about $21,857,000. Index Fund Advisors Inc. bought a new position in Marriott International in the second quarter valued at about $666,000. Harbor Investment Advisory LLC grew its holdings in shares of Marriott International by 2.7% during the third quarter. Harbor Investment Advisory LLC now owns 572,367 shares of the company’s stock worth $149,067,000 after purchasing an additional 14,898 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc acquired a new position in shares of Marriott International in the third quarter valued at approximately $965,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marriott International news, EVP Rena Hozore Reiss sold 5,483 shares of Marriott International stock in a transaction on Friday, November 7th. The shares were 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 approximately $11,300,649.60. The trade was a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Deborah Marriott Harrison sold 70,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $291.63, for a total transaction of $20,414,100.00. Following the transaction, the insider directly owned 175,210 shares in the company, valued at $51,096,492.30. This trade represents a 28.55% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 88,289 shares of company stock valued at $25,669,425. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

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

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 analysts’ consensus estimates of $2.38 by $0.09. The business 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. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MAR shares. Citigroup boosted their target price on shares of Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a report on Thursday, January 22nd. Truist Financial upped their price target on Marriott International from $278.00 to $283.00 and gave the company a “hold” rating in a research report on Thursday, December 4th. Evercore ISI raised their price objective on Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley upped their target price on Marriott International from $296.00 to $328.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $313.75.

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.