Midwest Trust Co Acquires New Shares in Marriott International, Inc. $MAR

Midwest Trust Co bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 876 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds have also made changes to their positions in MAR. Oppenheimer Asset Management Inc. acquired a new stake in shares of Marriott International in the second quarter valued at approximately $613,000. Nissay Asset Management Corp Japan ADV lifted its stake in Marriott International by 9.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company’s stock valued at $15,005,000 after buying an additional 5,482 shares in the last quarter. Permanens Capital L.P. grew its holdings in Marriott International by 15.6% during the 1st quarter. Permanens Capital L.P. now owns 15,396 shares of the company’s stock valued at $3,667,000 after buying an additional 2,076 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Marriott International by 3.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company’s stock worth $52,389,000 after buying an additional 8,149 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Marriott International by 1.3% in the first quarter. Swedbank AB now owns 68,429 shares of the company’s stock worth $16,300,000 after acquiring an additional 881 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Activity

In other news, EVP Benjamin T. Breland sold 1,650 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was 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 owned 18,225 shares in the company, valued at approximately $5,214,172.50. The trade was a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 5,483 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $287.11, for a total transaction of $1,574,224.13. Following the completion of the transaction, the executive vice president owned 39,360 shares in the company, valued at $11,300,649.60. The trade was a 12.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 85,799 shares of company stock valued at $24,911,376 in the last 90 days. 10.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on MAR shares. Morgan Stanley decreased their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Barclays upped their target price on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Finally, Robert W. Baird cut their price target 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 equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $286.40.

Marriott International Price Performance

Shares of MAR stock opened at $287.43 on Friday. The firm’s 50-day simple moving average is $268.51 and its 200-day simple moving average is $266.75. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The firm has a market cap of $77.13 billion, a P/E ratio of 30.35, a PEG 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 EPS for the quarter, topping the consensus estimate of $2.38 by $0.09. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates 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. Analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board has initiated a stock repurchase program on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, November 20th will be issued a $0.67 dividend. The ex-dividend date is Thursday, November 20th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Marriott International’s dividend payout ratio (DPR) is presently 28.30%.

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.