Bank Julius Baer & Co. Ltd Zurich Acquires 6,187 Shares of Marriott International, Inc. $MAR

Key Points

• Bank Julius Baer increased its Marriott stake by 2.2%, acquiring 6,187 additional shares and bringing its holdings to 286,164 shares valued at approximately $101.6 million. Institutional investors collectively own 70.7% of Marriott.
• Marriott faces a mixed outlook ahead of earnings: global hotel expansion and anticipated RevPAR and fee-income growth support the stock, while corporate job cuts, economic uncertainty, ETF selling and a lower Evercore price target present risks.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $383.52. Marriott’s shares opened at $399.30, near their 52-week high, and the company pays a quarterly dividend of $0.73.

Bank Julius Baer & Co. Ltd Zurich grew its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,164 shares of the company's stock after acquiring an additional 6,187 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.11% of Marriott International worth $101,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Marriott International in the 3rd quarter valued at $65,604,000. ProShare Advisors LLC boosted its holdings in Marriott International by 3.2% in the third quarter. ProShare Advisors LLC now owns 288,709 shares of the company's stock valued at $102,685,000 after acquiring an additional 8,951 shares during the last quarter. Vise Technologies Inc. lifted 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 acquiring an additional 1,269 shares during the period. Moss Adams Wealth Advisors LLC acquired a new position in shares of Marriott International during the third quarter valued at about $310,000. Finally, Global Assets Advisory LLC bought a new position in shares of Marriott International in the third quarter valued at approximately $203,000. Institutional investors own 70.70% of the company's stock.

Key Headlines 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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAR. Morgan Stanley upped their price objective on Marriott International from $384.00 to $403.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Argus reduced their price objective on shares of Marriott International from $445.00 to $425.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. UBS Group cut their price objective on shares of Marriott International from $412.00 to $395.00 and set a "neutral" rating on the stock in a research report on Thursday, August 20th. JPMorgan Chase & Co. upped their price objective on Marriott International from $388.00 to $406.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 21st. Finally, Freedom Broker started coverage on shares of Marriott International in a research report on Wednesday, October 14th. They set a "buy" rating and a $408.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $383.52.

Marriott International Stock Performance

NASDAQ MAR opened at $399.30 on Monday. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98. The company has a market capitalization of $104.13 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 3.04 and a beta of 1.15. The stock's 50 day moving average is $360.20 and its two-hundred day moving average is $355.73.

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

Marriott International Dividend Announcement

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

Insider Buying and Selling at Marriott International

In other news, insider Deborah Harrison sold 3,500 shares of the stock in a transaction that occurred 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 transaction, the insider owned 282,383 shares in the company, valued at $99,424,230.47. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David S. Marriott sold 3,500 shares of the stock in a transaction that occurred on 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 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. Company insiders own 11.43% of the company's stock.

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.

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