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Tag: MAR

  • Maasai Sue Marriott Over Ritz-Carlton Safari Camp

    NAROK, Kenya—Leaders of the Maasai ethnic group are seeking a court order to demolish a new Ritz-Carlton luxury safari camp they say blocks a key route of the famous Serengeti migration.

    Meitamei Olol Dapash, a Maasai elder with an American Ph.D., says the camp sits astride a path that some migratory wildebeest and zebra use to cross the Sand River in search of green grass.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Caroline Kimeu

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  • Oppenheimer Asset Management Inc. Acquires Shares of 2,242 Marriott International, Inc. $MAR

    Oppenheimer Asset Management Inc. acquired a new stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,242 shares of the company’s stock, valued at approximately $613,000.

    Other hedge funds have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new position in Marriott International during the 1st quarter valued at $30,000. AlphaQuest LLC grew its stake in Marriott International by 2,750.0% in the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Banque Transatlantique SA purchased a new stake in Marriott International in the first quarter worth $52,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Marriott International in the 1st quarter worth about $57,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in Marriott International by 32.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock worth $70,000 after purchasing an additional 73 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

    Analysts Set New Price Targets

    A number of equities research analysts have recently commented on MAR shares. Morgan Stanley cut their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Robert W. Baird cut their target price 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. BMO Capital Markets dropped their price target on Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Finally, Barclays dropped their target price on Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $283.17.

    Check Out Our Latest Analysis on Marriott International

    Marriott International Price Performance

    Shares of NASDAQ:MAR opened at $260.58 on Friday. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The company has a market capitalization of $70.74 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.69 and a beta of 1.35. The firm’s 50 day simple moving average is $265.66 and its two-hundred day simple moving average is $263.34.

    Marriott International (NASDAQ:MAR – Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company earned $2.50 EPS. Marriott International’s revenue for the quarter was up 4.7% on a year-over-year basis. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

    Marriott International Announces Dividend

    The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were issued a $0.67 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International’s payout ratio is currently 30.21%.

    Marriott International announced that its Board of Directors has approved a stock repurchase program 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. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

    Marriott International Profile

    (Free Report)

    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.

    Featured Articles

    Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR – Free Report).

    Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)



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    ABMN Staff

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  • Hotel housekeeping jobs have fallen by 102,000 during the pandemic. What happened?

    Hotel housekeeping jobs have fallen by 102,000 during the pandemic. What happened?

    As some U.S. hotels hung on to practices they adopted during the early stages of the coronavirus pandemic — such as eliminating daily room cleanings — the number of hotel housekeepers fell by more than 102,000 last year from prepandemic levels, new data show.

    The total number of hotel housekeeping jobs as of May 2022 was 364,990, a 22% decline from the total of 467,270 such positions during the same period in 2019, according to numbers released last week by the Bureau of Labor Statistics.

    Unions…

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  • Under Armour announces Linnartz as new CEO

    Under Armour announces Linnartz as new CEO

    Under Armour Inc.
    UA,
    +4.48%
    on Wednesday said that Stephanie Linnartz would become the company’s chief executive on Feb. 27. Linnartz, currently the president of Marriott International Inc.
    MAR,
    -1.10%    ,
    will also become the athletic-apparel maker’s president and join its board at that time. Colin Browne, who has been interim president and chief executive since June, will resume his role as chief operating officer when Linnartz comes aboard. Executive Chair Kevin Plank, in a statement, said Linnartz had helped lead the hotel chain’s digital transformation, grew its loyalty program and helped develop partnerships with sports leagues or groups like the NFL and NCAA. Linnartz also sits on the board of home-improvement retailer Home Depot
    HD,
    +1.44%    .
    Shares of Under Armour rose 1.6% after hours on Wednesday.

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  • S&P 500, Nasdaq post worst day in month after strong data fuels worry about Fed rate hikes

    S&P 500, Nasdaq post worst day in month after strong data fuels worry about Fed rate hikes

    The S&P 500 and Nasdaq Composite indexes recorded their worst day in almost a month on Monday, after a hotter-than-expected U.S. services-sector reading fueled concerns that the Federal Reserve may need to be even more aggressive in its inflation battle.

    How stocks traded
    • The Dow Jones Industrial Average
      DJIA,
      -0.26%
      finished down 482.78 points, or 1.4%, at 33,947.10.

    • The S&P 500
      SPX,
      -1.79%
      ended 72.86 points lower, or 1.8%, at 3,998.84.

    • The Nasdaq Composite
      COMP,
      -11.01%
      closed down 221.56 points, or 1.9%, at 11,239.94.

    • Those were the largest declines for the S&P 500 and Nasdaq Composite since Nov. 9, according to Dow Jones Market Data.

    Stocks finished mixed on Friday, although they clinched gains last week, following a robust November jobs report, which stoked fears that inflation might not be so easily defeated.

    What drove markets

    Strong wage growth numbers released Friday were followed up on Monday by a robust reading for the U.S. services sector — both of which helped to stoke fears that the Fed’s interest-rate hikes, along with the central bank’s modest balance-sheet unwind, haven’t had much of an impact on the tight labor market.

    The ISM barometer of U.S. business conditions in the service sector came in stronger than expected, rising to 56.5% in November, a healthy showing that signals the U.S. economy is still expanding at a steady pace.

    “If nothing else, the ISM services report is being interpreted as very strong, and thus the economy is overheating and that means more Fed tightening,” said Will Compernolle, a senior economist at FHN Financial in New York. “Consumer resilience has proven to be more intense than I would have expected. In the two most interest-rate sensitive sectors — housing and autos — tightening has channeled into markets in meaningful ways.”

    But there has been so much pent-up demand, that higher interest rates haven’t been cooling overall spending as much as the Fed would like because companies are still having to fill a backlog of orders, he said via phone.

    In other economic data, the final November S&P Global U.S. services PMI edged up to 46.2 from 46.1, but remained in contractionary territory.

    November jobs data released on Friday showed average hourly wages grew over the past year by more than 5% as of November, beating economists’ expectations and stoking concerns that robust wage growth would continue to fuel inflation, market strategists said.

    Worries about a more-aggressive Fed also helped to drive Treasury yields higher, adding to the pressure on stocks. The yield on the 10-year note rose 9.6 basis points to 3.6% on Monday. Treasury yields move inversely to prices, and yields had fallen sharply over the past month, driven by shifting expectations about the pace of Fed rate hikes.

    Monday’s ISM services figure “surprised to the upside, suggesting that the economy is still running above its long-run sustainable path and that the Fed is going to have to slow the economy more than expected in 2023,” Bill Adams, the Dallas-based chief economist for Comerica Inc. CMA, said via phone.

    In other markets news, signs that China’s government is easing its COVID restrictions helped Hong Kong’s Hang Seng Index
    HSI,
    +4.51%
    finish with a 4.5% gain.

    See also: Chinese ADRs and casino operators rally on signs of easing COVID

    Meanwhile, oil futures ended lower on Monday, a day after Sunday’s decision by OPEC and its allies to keep production quotas unchanged.

    Falling equity prices helped drive the CBOE Volatility Index
    VIX,
    +8.87%    ,
    also known as the VIX, back above 20 on Monday. The volatility gauge had fallen sharply in recent weeks as stocks rallied, potentially signaling complacency that could ultimately hurt stocks, said Jonathan Krinsky, chief market technician at BTIG, in a note to clients.

    Companies in focus

    ––Jamie Chisholm contributed reporting to this article.

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