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3,511 Shares of Marriott International, Inc. $MAR Bought by First Citizens Bank & Trust Co.

Marriott International logo with Consumer Discretionary background
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Key Points

  • First Citizens Bank & Trust Co. bought 3,511 Marriott shares worth approximately $1.25 million in the third quarter, while institutional investors collectively own 70.7% of MAR.
  • Analyst sentiment remains positive, with Marriott holding a “Moderate Buy” consensus rating and an average price target of $381.22; Freedom Broker initiated coverage with a Buy rating and a $408 target.
  • Marriott reported quarterly EPS of $3.19, exceeding estimates of $3.08, while revenue rose 4.8% year over year. The company also paid a quarterly dividend of $0.73 per share, representing a 0.8% annualized yield.
  • MarketBeat previews the top five stocks to own by November 1st.

First Citizens Bank & Trust Co. purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,511 shares of the company's stock, valued at approximately $1,249,000.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Marriott International by 2.9% in the second quarter. State Street Corp now owns 9,644,773 shares of the company's stock valued at $3,574,256,000 after purchasing an additional 272,044 shares during the period. Invesco Ltd. increased its position in Marriott International by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company's stock worth $1,377,577,000 after purchasing an additional 118,504 shares during the period. Dimensional Fund Advisors LP increased its position in Marriott International by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 727,472 shares of the company's stock worth $237,893,000 after purchasing an additional 5,530 shares during the period. Swiss National Bank raised its stake in shares of Marriott International by 5.9% during the 1st quarter. Swiss National Bank now owns 669,398 shares of the company's stock worth $218,940,000 after buying an additional 37,080 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Marriott International by 62.7% during the 4th quarter. Hsbc Holdings PLC now owns 640,350 shares of the company's stock worth $199,069,000 after buying an additional 246,681 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Freedom Broker started coverage on Marriott International in a research note on Wednesday. They issued a "buy" rating and a $408.00 price target on the stock. China Intl Cap raised Marriott International to a "strong-buy" rating in a report on Wednesday, August 12th. Wells Fargo & Company cut their price objective on Marriott International from $449.00 to $425.00 and set an "overweight" rating for the company in a research report on Tuesday, August 4th. Weiss Ratings reissued a "buy (b)" rating on shares of Marriott International in a report on Friday, August 7th. Finally, Barclays reduced their target price on Marriott International from $379.00 to $348.00 and set an "equal weight" rating for the company in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $381.22.

Get Our Latest Report on Marriott International

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 stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the sale, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah Harrison sold 3,500 shares of the company'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 completion of the sale, the insider directly owned 282,383 shares in the company, valued at $99,424,230.47. This trade represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.43% of the stock is currently owned by insiders.

Key Headlines Impacting Marriott International

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

Marriott International Trading Up 3.7%

Shares of MAR opened at $385.71 on Friday. The firm's 50-day moving average is $350.94 and its two-hundred day moving average is $362.20. Marriott International, Inc. has a twelve month low of $256.76 and a twelve month high of $410.98. The firm has a market capitalization of $100.58 billion, a P/E ratio of 33.92, a PEG ratio of 2.80 and a beta of 1.17.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $7.19 billion. During the same period last year, the company posted $2.65 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. Analysts predict that Marriott International, Inc. will post 11.69 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, August 20th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $2.92 annualized dividend and a yield of 0.8%. Marriott International's payout ratio is currently 30.26%.

Marriott International Company Profile

(Free Report)

Marriott International, Inc NASDAQ: MAR is a global hospitality company that operates, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and premium accommodations to select-service and extended-stay properties.

The company's brands include The Ritz-Carlton, St. Regis, JW Marriott, W Hotels, The Luxury Collection, EDITION, Marriott Hotels, Sheraton, Westin, Renaissance, Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, AC Hotels, Aloft, Moxy and Element.

Recommended Stories

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR - Free Report).

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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