BlackRock Updates Passive Stake in Marriott International

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

From the Filing

0001086364-24-005997.txt : 20240131 0001086364-24-005997.hdr.sgml : 20240131 20240131140826 ACCESSION NUMBER: 0001086364-24-005997 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MARRIOTT INTERNATIONAL INC /MD/ CENTRAL INDEX KEY: 0001048286 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 522055918 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53873 FILM NUMBER: 24582136 BUSINESS ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3013803000 MAIL ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 FORMER COMPANY: FORMER CONFORMED NAME: NEW MARRIOTT MI INC DATE OF NAME CHANGE: 19971023 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5719032022_013124.txt us5719032022_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) MARRIOTT INTERNATIONAL INC -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 571903202 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 571903202 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 13734981 (6) Shared voting power 0 (7) Sole dispositive power 15212482 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 15212482 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- MARRIOTT INTERNATIONAL INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 7750 WISCONSIN AVENUE Bethesda MD 20814 Item 2. 2(a) Name of person filing: -------------------------------------------------------------------