Frank Rimerman Advisors LLC Reduces Holdings in Marriott International, Inc. $MAR

Frank Rimerman Advisors LLC lowered its stake in Marriott International, Inc. (NASDAQ:MAR) by 10.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,299 shares of the company’s stock after selling 367 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Marriott International were worth $901,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Pallas Capital Advisors LLC boosted its stake in shares of Marriott International by 0.4% during the second quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock valued at $2,363,000 after acquiring an additional 37 shares during the last quarter. CreativeOne Wealth LLC grew its stake in Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock worth $436,000 after acquiring an additional 38 shares during the period. Motley Fool Asset Management LLC raised its holdings in Marriott International by 0.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock valued at $3,055,000 after acquiring an additional 39 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Marriott International by 1.6% during the second quarter. Valmark Advisers Inc. now owns 2,462 shares of the company’s stock worth $673,000 after purchasing an additional 39 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Marriott International by 1.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after purchasing an additional 40 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of recent analyst reports. Barclays boosted 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. Truist Financial raised their target price on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. BMO Capital Markets increased their target price on Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley decreased 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $289.87.

Insider Activity at Marriott International

In other news, insider Deborah Marriott Harrison sold 70,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $51,096,492.30. This represents a 28.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William P. Brown sold 6,666 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $280.04, for a total transaction of $1,866,746.64. Following the transaction, the insider owned 11,000 shares in the company, valued at $3,080,440. This represents a 37.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 85,799 shares of company stock worth $24,911,376 in the last three months. Insiders own 10.68% of the company’s stock.

Marriott International Stock Performance

Shares of MAR opened at $282.90 on Wednesday. The firm has a fifty day moving average of $269.60 and a 200-day moving average of $267.99. The company has a market cap of $75.92 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.74 and a beta of 1.36. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate 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. Analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis 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 28.30%.

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

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.