Voya Investment Management LLC Sells 9,687 Shares of Marriott International, Inc. $MAR

Voya Investment Management LLC decreased its stake in Marriott International, Inc. (NASDAQ:MAR) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,576 shares of the company’s stock after selling 9,687 shares during the period. Voya Investment Management LLC’s holdings in Marriott International were worth $11,609,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC raised its position in Marriott International by 6.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 793 shares of the company’s stock worth $207,000 after purchasing an additional 48 shares during the period. Genesis Private Wealth LLC purchased a new position in Marriott International during the 3rd quarter valued at about $290,000. Fiduciary Alliance LLC grew its stake in shares of Marriott International by 2.0% in the 3rd quarter. Fiduciary Alliance LLC now owns 2,524 shares of the company’s stock worth $657,000 after buying an additional 50 shares during the last quarter. OLD Point Trust & Financial Services N A grew its stake in shares of Marriott International by 29.4% in the third quarter. OLD Point Trust & Financial Services N A now owns 7,195 shares of the company’s stock worth $1,874,000 after acquiring an additional 1,635 shares during the last quarter. Finally, Wedmont Private Capital increased its stake in Marriott International by 2.7% during the 3rd quarter. Wedmont Private Capital now owns 3,715 shares of the company’s stock valued at $993,000 after purchasing an additional 97 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,650 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $286.10, for a total value of $472,065.00. Following the completion of the sale, the executive vice president directly owned 18,225 shares in the company, valued at approximately $5,214,172.50. This represents a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Felitia Lee sold 1,617 shares of Marriott International stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $305.98, for a total value of $494,769.66. Following the completion of the sale, the chief accounting officer owned 4,893 shares of the company’s stock, valued at $1,497,160.14. The trade was a 24.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 88,289 shares of company stock worth $25,669,425 over the last ninety days. 10.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays lifted their target price on Marriott International from $274.00 to $276.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Wells Fargo & Company assumed coverage on shares of Marriott International in a research note on Tuesday, November 18th. They set an “overweight” rating and a $329.00 target price for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Truist Financial upped their price target on Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a research report on Thursday, December 4th. Finally, The Goldman Sachs Group raised shares of Marriott International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $288.00 to $345.00 in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.00.

Marriott International Price Performance

NASDAQ:MAR opened at $313.75 on Tuesday. The business has a 50 day simple moving average of $286.24 and a 200-day simple moving average of $274.12. The firm has a market capitalization of $84.19 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 3.00 and a beta of 1.15. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $315.40.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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, analysts expect 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 will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be paid a $0.67 dividend. The ex-dividend date is Thursday, November 20th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Marriott International’s dividend payout ratio (DPR) is presently 28.30%.

Marriott International 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.