Marriott International, Inc. $MAR Stock: Sumitomo Mitsui Trust Group Inc. Cuts Position

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,525 shares of the company’s stock after selling 19,363 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Marriott International worth $173,754,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Marriott International during the third quarter valued at approximately $65,604,000. ProShare Advisors LLC grew its position in Marriott International by 3.2% in the 3rd quarter. ProShare Advisors LLC now owns 288,709 shares of the company’s stock worth $102,685,000 after purchasing an additional 8,951 shares during the period. Vise Technologies Inc. raised its stake in Marriott International by 20.3% during the 3rd quarter. Vise Technologies Inc. now owns 7,516 shares of the company’s stock valued at $2,673,000 after buying an additional 1,269 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new stake in Marriott International during the 3rd quarter valued at $310,000. Finally, Global Assets Advisory LLC bought a new position in shares of Marriott International during the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other Marriott International news, insider David Marriott sold 3,500 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the sale, the insider owned 282,383 shares in the company, valued at $99,424,230.47. The trade was a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deborah Harrison sold 3,500 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the transaction, the insider owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 11.43% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $399.30 on Monday. The firm’s 50 day simple moving average is $360.20 and its two-hundred day simple moving average is $355.73. The company has a market capitalization of $104.13 billion, a P/E ratio of 41.38, a P/E/G ratio of 3.04 and a beta of 1.15. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.18. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $6.93 billion. On average, sell-side analysts anticipate that Marriott International, Inc. will post 11.73 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, August 20th were given a dividend of $0.73 per share. The ex-dividend date was Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. Marriott International’s dividend payout ratio is currently 30.26%.

Trending Headlines about Marriott International

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

• Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
• Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
• Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
• Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
• Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets reduced their price objective on Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. China Intl Cap raised Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. Barclays boosted their price target on Marriott International from $348.00 to $363.00 and gave the company an “equal weight” rating in a research note on Friday, October 16th. The Goldman Sachs Group reduced their price target on shares of Marriott International from $405.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Wolfe Research initiated coverage on shares of Marriott International in a research note on Wednesday, September 2nd. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $383.52.

Marriott International Profile

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.