Primecap Management Co. CA Sells 8,200 Shares of Marriott International, Inc. $MAR

Primecap Management Co. CA lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 279,020 shares of the company’s stock after selling 8,200 shares during the period. Primecap Management Co. CA’s holdings in Marriott International were worth $76,231,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after acquiring an additional 218 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Marriott International by 10.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,110 shares of the company’s stock valued at $1,694,000 after purchasing an additional 648 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Marriott International by 53.9% during the 1st quarter. J.W. Cole Advisors Inc. now owns 6,551 shares of the company’s stock worth $1,560,000 after purchasing an additional 2,295 shares during the period. Ignite Planners LLC raised its position in Marriott International by 6.7% during the 1st quarter. Ignite Planners LLC now owns 828 shares of the company’s stock valued at $202,000 after purchasing an additional 52 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Marriott International by 142.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 11,922 shares of the company’s stock worth $2,840,000 after buying an additional 6,997 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 0.5%

NASDAQ MAR opened at $284.20 on Thursday. The firm’s fifty day simple moving average is $270.04 and its two-hundred day simple moving average is $268.10. The firm has a market capitalization of $76.27 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.74 and a beta of 1.36. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. As a group, sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board has approved a share buyback program on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Marriott International Announces Dividend

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

Insider Buying and Selling

In related news, EVP Benjamin T. Breland sold 1,650 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $286.10, for a total value of $472,065.00. Following the transaction, the executive vice president directly owned 18,225 shares of the company’s stock, valued at $5,214,172.50. This represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rena Hozore Reiss sold 5,483 shares of Marriott International stock in a transaction dated 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 sale, the executive vice president directly owned 39,360 shares of the company’s stock, valued at approximately $11,300,649.60. This represents a 12.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 85,799 shares of company stock worth $24,911,376 over the last ninety days. Company insiders own 10.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MAR. 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. Truist Financial boosted their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. BMO Capital Markets increased their price objective on shares of Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research note on Wednesday, November 5th. Barclays boosted their price objective 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $289.87.

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.