Arrow Capital Pty Ltd Acquires 13,500 Shares of Marriott International, Inc. $MAR

Arrow Capital Pty Ltd acquired a new position in Marriott International, Inc. (NASDAQ:MAR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,500 shares of the company’s stock, valued at approximately $4,802,000. Marriott International accounts for approximately 3.9% of Arrow Capital Pty Ltd’s portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Evelyn Partners Investment Management Services Ltd bought a new position in Marriott International during the first quarter valued at approximately $25,000. IMG Wealth Management Inc. grew its holdings in shares of Marriott International by 100.0% in the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 41 shares during the last quarter. Wilkerson Advisory Group LLC grew its stake in Marriott International by 127.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of Marriott International during the first quarter worth approximately $32,000. Finally, Meeder Asset Management Inc. increased its position in shares of Marriott International by 57.6% during the first quarter. Meeder Asset Management Inc. now owns 104 shares of the company’s stock worth $34,000 after acquiring an additional 38 shares during the period. Institutional investors own 70.70% of the company’s stock.

Trending Headlines about Marriott International

Here are a few of the latest headlines about MAR:

• Positive Sentiment: Marriott’s latest reported quarter beat analyst expectations: adjusted earnings were $3.02 per share versus $2.84 expected, and revenue grew 8% year over year. This provides a supportive backdrop, though the results were reported earlier this month. Article: Marriott International CAO sells shares
• Neutral Sentiment: Marriott Bonvoy is offering 25% off stays through May 2027. The extended sale could encourage bookings, but discounting may also weigh on room rates and revenue per available room. Article: Marriott Bonvoy Cyber Week sale
• Negative Sentiment: Two insiders disclosed sales made November 10: CAO Felitia Lee sold 736 shares, and Deborah Harrison sold 11,985 shares. Such sales can raise investor concern, although both retained substantial holdings and the transactions alone do not establish a negative view of the company. Article: Marriott International insider trades

Marriott International Stock Down 0.4%

Shares of MAR opened at $423.16 on Friday. The company has a 50 day moving average of $374.81 and a two-hundred day moving average of $360.79. Marriott International, Inc. has a twelve month low of $280.99 and a twelve month high of $433.30. The company has a market cap of $108.96 billion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 3.04 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.18. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $2.47 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts expect that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, November 19th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. Marriott International’s payout ratio is 29.14%.

Insider Buying and Selling

In other news, CEO Anthony Capuano sold 63,355 shares of Marriott International stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $420.12, for a total value of $26,616,702.60. Following the sale, the chief executive officer owned 50,867 shares in the company, valued at $21,370,244.04. This trade represents a 55.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Marriott sold 3,500 shares of Marriott International stock in a transaction on Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the sale, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. This trade represents a 1.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,953 shares of company stock worth $38,628,659 in the last ninety days. 11.43% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research reports. Erste Group Bank started coverage on Marriott International in a report on Thursday, August 27th. They issued a “buy” rating for the company. Robert W. Baird lifted their target price on Marriott International from $395.00 to $414.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. BMO Capital Markets lowered their target price on Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a report on Tuesday, August 4th. Sanford C. Bernstein reissued an “outperform” rating and set a $445.00 price target on shares of Marriott International in a research report on Wednesday, November 4th. Finally, Freedom Broker downgraded Marriott International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.04.

Marriott International Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy. The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, D.C., in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.