184,453 Shares in Marriott International, Inc. $MAR Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) during the 3rd quarter, Holdings Channel reports. The fund acquired 184,453 shares of the company’s stock, valued at approximately $65,604,000.

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

Marriott International Stock Performance

Shares of MAR stock opened at $399.30 on Monday. Marriott International, Inc. has a 52-week low of $256.76 and a 52-week high of $410.98. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 3.04 and a beta of 1.15. The firm’s 50-day moving average is $360.20 and its 200-day moving average is $355.73.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.11. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the business earned $2.65 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Sell-side analysts predict that Marriott International, Inc. will post 11.73 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $2.92 annualized dividend and a yield of 0.7%. Marriott International’s dividend payout ratio (DPR) is currently 30.26%.

Key Marriott International News

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
• Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
• Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
• Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
• Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings

Insiders Place Their Bets

In other news, insider Deborah Harrison sold 3,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 282,383 shares in the company, valued at $99,424,230.47. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David S. Marriott sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the completion of the transaction, the insider directly owned 282,383 shares in the company, valued at $99,424,230.47. The trade was a 1.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 11.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MAR shares. CICC Research began coverage on shares of Marriott International in a research note on Wednesday, August 12th. They set an “outperform” rating and a $410.00 price target for the company. Stifel Nicolaus reduced their target price on shares of Marriott International from $365.00 to $343.00 and set a “hold” rating for the company in a report on Monday, August 3rd. Barclays raised their target price on shares of Marriott International from $348.00 to $363.00 and gave the company an “equal weight” rating in a research report on Friday, October 16th. Wolfe Research began coverage on shares of Marriott International in a research report on Wednesday, September 2nd. They set a “hold” rating on the stock. Finally, Mizuho reduced their price objective on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Moderate Buy” and a consensus target price of $383.52.

About Marriott International

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.