Geode Capital Management LLC Has $1.42 Billion Stock Position in Marriott International, Inc. $MAR

Geode Capital Management LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,223,539 shares of the company’s stock after buying an additional 102,798 shares during the period. Geode Capital Management LLC’s holdings in Marriott International were worth $1,420,308,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC raised its holdings in shares of Marriott International by 0.4% during the 2nd 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 in the last quarter. CreativeOne Wealth LLC raised its stake in Marriott International by 2.1% during the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock worth $436,000 after acquiring an additional 38 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in shares of Marriott International by 0.3% in the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock worth $3,055,000 after acquiring an additional 39 shares during the last quarter. Valmark Advisers Inc. boosted its stake in shares of Marriott International by 1.6% in the 2nd 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. increased its position in Marriott International by 1.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock worth $569,000 after purchasing an additional 40 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 5,483 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $287.11, for a total value of $1,574,224.13. Following the completion of the sale, the executive vice president owned 39,360 shares of the company’s stock, valued at approximately $11,300,649.60. This trade represents a 12.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin T. Breland sold 1,650 shares of Marriott International stock in a transaction on Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the completion of the sale, the executive vice president directly owned 18,225 shares of the company’s stock, valued at approximately $5,214,172.50. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 85,799 shares of company stock worth $24,911,376. 10.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAR. Barclays boosted their target price on shares of Marriott International from $262.00 to $274.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Truist Financial increased their target price on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. BMO Capital Markets upped their price target on shares of Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Finally, Robert W. Baird decreased their price objective on Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.40.

Marriott International Trading Down 0.1%

MAR stock opened at $291.67 on Thursday. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The stock has a 50-day moving average price of $268.14 and a 200-day moving average price of $266.60. The firm has a market cap of $78.27 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.82 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.09. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%. 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, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

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

Marriott International 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.