This article first appeared on GuruFocus.
On Tuesday, 26 ETFs were buying Marriott International (MAR) shares versus 9 selling, yet ETF flows were net negative by dollar value, with $19.1 million sold. More funds traded the other way but in smaller amounts. The net selling followed a $15.8 million outflow on Oct. 26, marking a two-day streak in the same direction after net buying on Oct. 22 and Oct. 23.
See which funds are buying and selling on GuruFocus ETF Trends, or find and compare funds with the ETF Screener.
Every ETF and guru trade in MAR is tracked on the MAR guru trades page.
Which ETFs sold MAR on Tuesday?
The largest sellers by dollar value were JEPQ ($24.1 million), SPY ($3.0 million) and MTUM ($0.1 million). In all, 26 ETFs added shares and 9 cut them.
JEPQ drove the move, cutting its stake by 11.63% for a $24.1 million reduction to 469,867 shares, at a 0.53% portfolio weight. SPY trimmed 7,564 shares for a $3.0 million decrease, while MTUM, IWD, IWY, QQQI, DGRW and EFIV each posted small reductions. Marriott operates in the Consumer Cyclical sector’s Lodging industry with a market cap of $102.8 billion.
Have ETFs been buying or selling MAR lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
What does MAR do?
Marriott International is the world’s largest hotel company, with roughly 9,500 properties and 1.8 million rooms across more than 140 countries. Its asset-light model franchises and manages hotels owned by others, earning fees on room revenue across some 30 brands spanning luxury (Ritz-Carlton, St.
Marriott’s trailing-12-month revenue was $26.90 billion, up 8.8% over one year, with gross margin of 19.1% and net margin of 9.6%. It trades at a P/E of 40.88 and P/S of 3.93 against a $102.8 billion market cap. GF Score is 87, GF Value is $316.77 versus a $394.40 price, dividend yield is 0.78% and the stock is up 27.88% year to date.