Marriott International, Inc. $MAR Position Boosted by Skandinaviska Enskilda Banken AB publ

by · The Cerbat Gem

Skandinaviska Enskilda Banken AB publ increased its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 47.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,238 shares of the company’s stock after purchasing an additional 29,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Marriott International were worth $25,478,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pallas Capital Advisors LLC boosted its holdings in shares of Marriott International by 0.4% in the second quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock worth $2,363,000 after buying an additional 37 shares during the period. CreativeOne Wealth LLC boosted its stake in Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock worth $436,000 after purchasing an additional 38 shares during the period. Motley Fool Asset Management LLC raised its stake in Marriott International by 0.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock valued at $3,055,000 after purchasing an additional 39 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of Marriott International by 1.6% in the second quarter. Valmark Advisers Inc. now owns 2,462 shares of the company’s stock valued at $673,000 after purchasing an additional 39 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Marriott International by 1.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after buying an additional 40 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the subject of a number of research reports. Barclays raised their price objective on Marriott International from $262.00 to $274.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Wells Fargo & Company initiated coverage on shares of Marriott International in a report on Tuesday, November 18th. They set an “overweight” rating and a $329.00 price target on the stock. Truist Financial boosted their target price on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Finally, Robert W. Baird lowered their price target on Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.87.

Get Our Latest Research Report on Marriott International

Marriott International Trading Up 0.1%

NASDAQ:MAR opened at $305.05 on Friday. The firm has a market capitalization of $81.86 billion, a PE ratio of 32.21, a PEG ratio of 2.94 and a beta of 1.36. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The firm’s fifty day simple moving average is $274.66 and its 200 day simple moving average is $270.05.

Marriott International (NASDAQ:MAR – Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations 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. FY 2025 guidance at 9.980-10.060 EPS. As a group, analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, November 20th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Marriott International’s payout ratio is 28.30%.

Marriott International announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Marriott International news, insider Deborah Marriott Harrison sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $291.63, for a total value of $20,414,100.00. Following the completion of the sale, the insider owned 175,210 shares in the company, valued at approximately $51,096,492.30. This trade represents a 28.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peggy Roe sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $292.12, for a total value of $584,240.00. Following the sale, the executive vice president owned 17,466 shares in the company, valued at approximately $5,102,167.92. This represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,672 shares of company stock valued at $25,174,655 in the last 90 days. 10.68% of the stock is currently owned by corporate insiders.

About Marriott International

(Free Report)

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.

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