Evelyn Partners Investment Management LLP Acquires 346 Shares of Marriott International, Inc. $MAR

Evelyn Partners Investment Management LLP raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 22.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,907 shares of the company’s stock after buying an additional 346 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Marriott International were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new position in shares of Marriott International during the second quarter worth approximately $613,000. Nissay Asset Management Corp Japan ADV grew its holdings 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. lifted its holdings in shares of Marriott International by 15.6% during the first quarter. Permanens Capital L.P. now owns 15,396 shares of the company’s stock worth $3,667,000 after buying an additional 2,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Marriott International by 3.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company’s stock valued at $52,389,000 after acquiring an additional 8,149 shares during the period. Finally, Swedbank AB grew its stake in shares of Marriott International by 1.3% in the first quarter. Swedbank AB now owns 68,429 shares of the company’s stock valued at $16,300,000 after acquiring an additional 881 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MAR. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Morgan Stanley cut their price target on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Robert W. Baird lowered their price objective on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Truist Financial increased their price objective on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company initiated coverage on shares of Marriott International in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.87.

Marriott International Stock Up 4.8%

Marriott International stock opened at $295.84 on Friday. The stock has a market cap of $79.39 billion, a PE ratio of 31.24, a P/E/G ratio of 2.86 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. The business’s 50-day moving average price is $270.91 and its two-hundred day moving average price is $268.66.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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. As a group, analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

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

Marriott International declared that its board has initiated a stock buyback plan on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at Marriott International

In other Marriott International news, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the transaction, the executive vice president owned 17,466 shares of the company’s stock, valued at $5,102,167.92. This represents a 10.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin T. Breland sold 1,650 shares of Marriott International stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $286.10, for a total value of $472,065.00. Following the sale, the executive vice president directly owned 18,225 shares in the company, valued at $5,214,172.50. The trade was a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 85,799 shares of company stock worth $24,911,376 over the last 90 days. 10.68% of the stock is currently owned by company insiders.

About Marriott International

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.