Great Lakes Advisors LLC Cuts Position in Marriott International, Inc. $MAR

Great Lakes Advisors LLC trimmed its stake in Marriott International, Inc. (NASDAQ:MAR) by 10.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 28,745 shares of the company’s stock after selling 3,335 shares during the quarter. Great Lakes Advisors LLC’s holdings in Marriott International were worth $7,486,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Marriott International in the 2nd quarter valued at about $638,968,000. Boston Partners purchased a new stake in Marriott International during the second quarter valued at approximately $196,579,000. Massachusetts Financial Services Co. MA boosted its stake in Marriott International by 7.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,921,767 shares of the company’s stock valued at $1,281,825,000 after acquiring an additional 330,952 shares in the last quarter. Laurel Wealth Advisors LLC grew 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 worth $86,214,000 after purchasing an additional 314,403 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Marriott International by 1.5% during the second quarter. Vanguard Group Inc. now owns 20,543,195 shares of the company’s stock worth $5,612,606,000 after purchasing an additional 306,717 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Sanford C. Bernstein boosted their target price on Marriott International from $329.00 to $369.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Citigroup raised their price target on Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Evercore ISI upped their price objective on shares of Marriott International from $320.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Truist Financial lifted their target price on shares of Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group upgraded shares of Marriott International from a “neutral” rating to a “buy” rating and upped their price target for the company from $288.00 to $345.00 in a research note on Monday, December 15th. Three investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.75.

Marriott International Price Performance

Shares of Marriott International stock opened at $319.77 on Friday. The stock has a market cap of $85.81 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.44 and a beta of 1.16. The firm has a fifty day moving average price of $310.64 and a 200 day moving average price of $283.53. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $331.09.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates 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 analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Benjamin T. Breland sold 1,650 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the sale, the executive vice president owned 18,225 shares of the company’s stock, valued at $5,214,172.50. This trade represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Deborah Marriott Harrison sold 70,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total transaction of $20,414,100.00. Following the completion of the transaction, the insider owned 175,210 shares of the company’s stock, valued at approximately $51,096,492.30. This represents a 28.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 88,289 shares of company stock worth $25,669,425. Corporate insiders own 10.68% of the company’s stock.

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.