3,981 Marriott International, Inc. $MAR Shares Sold by Heritage Investors Management Corp

Key Points

• Heritage Investors Management reduced its Marriott position by 1.8%, selling 3,981 shares and retaining 214,704 shares valued at approximately $76.4 million. Institutional investors collectively own 70.7% of Marriott.
• Marriott shares opened at $399.30, near their 12-month high of $410.98, with a market capitalization of about $104.1 billion. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $383.52.
• The company exceeded quarterly earnings expectations with EPS of $3.19 versus the $3.08 consensus, while revenue rose 4.8% year over year. Marriott also pays a quarterly dividend of $0.73 per share, representing a 0.7% yield.

Heritage Investors Management Corp trimmed its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 214,704 shares of the company's stock after selling 3,981 shares during the period. Marriott International comprises 2.2% of Heritage Investors Management Corp's investment portfolio, making the stock its 10th biggest position. Heritage Investors Management Corp owned approximately 0.08% of Marriott International worth $76,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Marriott International in the 3rd quarter worth about $65,604,000. ProShare Advisors LLC increased its stake 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 acquiring an additional 8,951 shares during the last quarter. Vise Technologies Inc. raised its position in shares of 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 in the last quarter. Moss Adams Wealth Advisors LLC bought a new stake in Marriott International during the third quarter worth about $310,000. Finally, Global Assets Advisory LLC purchased a new stake in Marriott International in the third quarter worth approximately $203,000. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $399.30 on Monday. The stock has a 50 day moving average of $360.20 and a 200 day moving average of $355.73. The company has a market cap of $104.13 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15. Marriott International, Inc. has a 12-month low of $256.76 and a 12-month high of $410.98.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.08 by $0.11. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.65 earnings per share. Equities research analysts predict that Marriott International, Inc. will post 11.73 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Insiders Place Their Bets

In other news, insider David S. Marriott sold 3,500 shares of Marriott International 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 completion of the sale, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. This trade represents 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 business's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the completion of the sale, the insider directly owned 282,383 shares of the company's stock, valued at approximately $99,424,230.47. This trade represents a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.43% of the stock is owned by company insiders.

Key Stories Impacting 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

MAR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Marriott International in a research note on Friday, August 7th. Wolfe Research assumed coverage on shares of Marriott International in a report on Wednesday, September 2nd. They issued a "hold" rating for the company. China Intl Cap raised shares of Marriott International to a "strong-buy" rating in a research report on Wednesday, August 12th. 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. Finally, Erste Group Bank assumed coverage on shares of Marriott International in a report on Thursday, August 27th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $383.52.

Marriott International Company 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.

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