2,473 Shares in Marriott International, Inc. $MAR Acquired by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC acquired 2,473 shares of Marriott International, Inc., valued at approximately $676,000, during the 2nd quarter, highlighting the ongoing interest from institutional investors in the company.
• Marriott International reported $2.65 earnings per share for the latest quarter, meeting estimates, with a revenue of $6.74 billion, which exceeded analyst expectations.
• The company's board approved a stock buyback plan allowing the repurchase of 25 million shares, typically indicative of a belief that the stock is undervalued.

Turtle Creek Wealth Advisors LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,473 shares of the company's stock, valued at approximately $676,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in Marriott International during the 1st quarter worth approximately $30,000. Center for Financial Planning Inc. lifted its stake in Marriott International by 468.6% in the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock valued at $47,000 after buying an additional 164 shares in the last quarter. Banque Transatlantique SA bought a new position in Marriott International in the first quarter valued at approximately $52,000. McClarren Financial Advisors Inc. bought a new position in Marriott International in the first quarter valued at approximately $57,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Marriott International by 32.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company's stock valued at $70,000 after buying an additional 73 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

Shares of MAR opened at $259.04 on Friday. The firm has a market capitalization of $70.32 billion, a PE ratio of 29.20, a PEG ratio of 2.62 and a beta of 1.35. The company's 50-day moving average is $265.50 and its 200-day moving average is $259.65. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting the consensus estimate of $2.65. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.50 earnings per share. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International declared that its board has approved a stock buyback plan on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Marriott International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays cut their price target on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating on the stock in a research note on Friday, October 3rd. Truist Financial lifted their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Robert W. Baird boosted their price objective on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. BMO Capital Markets cut their price objective on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $282.63.

Marriott International Company Profile

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.

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