New York State Common Retirement Fund Has $61.12 Million Stock Position in Marriott International, Inc. $MAR

New York State Common Retirement Fund reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,681 shares of the company’s stock after selling 14,000 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Marriott International worth $61,120,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MAR. Oppenheimer Asset Management Inc. purchased a new position in Marriott International during the 2nd quarter worth $613,000. Headwater Capital Co Ltd bought a new position in shares of Marriott International during the second quarter valued at about $21,857,000. Index Fund Advisors Inc. bought a new stake in Marriott International in the 2nd quarter worth about $666,000. Harbor Investment Advisory LLC increased its stake in Marriott International by 2.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 572,367 shares of the company’s stock valued at $149,067,000 after buying an additional 14,898 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc bought a new position in shares of Marriott International during the 3rd quarter worth approximately $965,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Buying and Selling

In related news, EVP Rena Hozore Reiss sold 5,483 shares of Marriott International stock in a transaction on Friday, November 7th. The stock was sold at an average price of $287.11, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Deborah Marriott Harrison sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total value of $20,414,100.00. Following the completion of the sale, the insider directly owned 175,210 shares in the company, valued at approximately $51,096,492.30. The trade was a 28.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,289 shares of company stock valued at $25,669,425 in the last ninety days. 10.68% of the stock is owned by insiders.

Marriott International Trading Up 2.5%

Shares of MAR stock opened at $319.77 on Friday. The firm’s 50 day moving average is $310.64 and its 200 day moving average is $283.53. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $331.09. The stock has a market capitalization of $85.81 billion, a P/E ratio of 33.77, a PEG ratio of 2.44 and a beta of 1.16.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 EPS 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 analyst estimates of $6.46 billion. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. On average, equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th were paid a $0.67 dividend. The ex-dividend date was Thursday, November 20th. This represents a $2.68 annualized dividend and a yield of 0.8%. Marriott International’s dividend payout ratio is currently 28.30%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley increased their price target on Marriott International from $296.00 to $328.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Citigroup raised their target price on Marriott International from $285.00 to $345.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Wells Fargo & Company initiated coverage on shares of Marriott International in a report on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 price target on the stock. Truist Financial raised their price objective on shares of Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. Finally, Robert W. Baird dropped their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $313.75.

Marriott International Company Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.