Wedbush Securities Inc. Reduces Position in Marriott International, Inc. $MAR

Wedbush Securities Inc. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 36.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,571 shares of the company’s stock after selling 910 shares during the quarter. Wedbush Securities Inc.’s holdings in Marriott International were worth $429,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. AlphaQuest LLC lifted its position in shares of Marriott International by 2,750.0% during the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Morse Asset Management Inc bought a new stake in Marriott International during the 1st quarter valued at about $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Marriott International in the 2nd quarter valued at about $38,000. Westside Investment Management Inc. increased its position in shares of Marriott International by 198.0% during the second quarter. Westside Investment Management Inc. now owns 149 shares of the company’s stock worth $41,000 after acquiring an additional 99 shares during the period. Finally, Quaker Wealth Management LLC raised its stake in shares of Marriott International by 203.4% during the second quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock valued at $41,000 after acquiring an additional 295 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the topic of several research reports. BMO Capital Markets raised their price objective on Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Truist Financial increased their price target on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Morgan Stanley dropped their target price on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Finally, Robert W. Baird reduced their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $286.40.

Insider Transactions at Marriott International

In other Marriott International news, EVP Peggy Roe sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the sale, the executive vice president owned 17,466 shares of the company’s stock, valued at approximately $5,102,167.92. This trade represents a 10.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Benjamin T. Breland sold 1,650 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the transaction, the executive vice president owned 18,225 shares in the company, valued at approximately $5,214,172.50. This trade represents a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,316 shares of company stock valued at $2,923,052 in the last quarter. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

Shares of Marriott International stock opened at $291.90 on Wednesday. The company has a market capitalization of $78.33 billion, a PE ratio of 30.82, a P/E/G ratio of 2.99 and a beta of 1.36. The company has a 50-day simple moving average of $267.60 and a two-hundred day simple moving average of $266.43. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The business had revenue of $1.73 billion for 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. On average, equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share 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 given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Marriott International’s dividend payout ratio is presently 28.30%.

Marriott International announced that its board has authorized a stock repurchase program on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Marriott International Company Profile

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.