Caisse DE Depot ET Placement DU Quebec Acquires New Holdings in Marriott International, Inc. $MAR

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 28,764 shares of Marriott International, valued at approximately $6.85 million, indicating institutional interest in the company.
• Marriott recently reported earnings of $2.65 per share with revenues of $6.74 billion, surpassing analyst estimates and showing a year-over-year revenue increase of 4.7%.
• The company has initiated a stock buyback program to repurchase 25 million shares, which typically suggests that the board believes the stock is undervalued.

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 28,764 shares of the company's stock, valued at approximately $6,852,000.

A number of other hedge funds also recently made changes to their positions in MAR. Bernard Wealth Management Corp. acquired a new position in shares of Marriott International in the 4th quarter valued at $25,000. Morse Asset Management Inc acquired a new position in shares of Marriott International in the 1st quarter valued at $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Marriott International in the 4th quarter worth about $34,000. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Marriott International in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Truist Financial lowered their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price on the stock. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and upped their target price for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Finally, UBS Group lowered their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $281.00.

Marriott International Stock Performance

MAR traded down $3.84 during midday trading on Tuesday, hitting $264.03. The company had a trading volume of 582,125 shares, compared to its average volume of 1,668,038. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The firm's 50-day simple moving average is $270.47 and its 200-day simple moving average is $258.52. The company has a market capitalization of $71.67 billion, a PE ratio of 29.74, a P/E/G ratio of 2.64 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting analysts' consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. Marriott International's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Marriott International declared that its board has authorized a stock repurchase program on Thursday, August 7th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider directly owned 5,706 shares of the company's stock, valued at $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.68% of the stock is currently owned by company insiders.

Marriott International 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.