BlackRock Updates Passive Stake in Marriott International
Ticker: MAR · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 1048286
| Field | Detail |
|---|---|
| Company | Marriott International INC /Md/ (MAR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: MAR
TL;DR
**BlackRock just updated its Marriott stake, signaling a passive investment change.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 31, 2024, indicating its ownership of Marriott International Inc. Class A Common Stock as of December 31, 2023. This filing updates BlackRock's previous disclosure, showing a change in their passive investment stake in Marriott. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Marriott's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Marriott, providing transparency on a major institutional investor's position and potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
A smart investor would note BlackRock's continued passive interest in Marriott, but recognize this filing alone doesn't provide enough detail to make a significant investment decision without reviewing the full ownership percentages in the complete filing.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Marriott International Inc. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 31, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a company with the Central Index Key (CIK) 0001364742.
What company's securities are the subject of this filing?
The subject company is MARRIOTT INTERNATIONAL INC /MD/, with the Central Index Key (CIK) 0001048286.
What is the specific class of securities being reported?
The specific class of securities being reported is Class A Common Stock of Marriott International Inc.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 31, 2024 regarding MARRIOTT INTERNATIONAL INC /MD/ (MAR).