3,544 Shares in Marriott International, Inc. $MAR Acquired by Maridea Wealth Management LLC

Key Points

• Maridea Wealth Management LLC acquired 3,544 shares of Marriott International, valued at approximately $968,000, during the second quarter.
• Marriott's Board of Directors approved a share buyback plan allowing for the repurchase of 25,000,000 shares, indicating confidence in the stock's valuation.
• The company reported $2.65 EPS for the last quarter, meeting analysts' expectations, and announced a quarterly dividend of $0.67 per share.

Maridea Wealth Management LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,544 shares of the company's stock, valued at approximately $968,000.

A number of other hedge funds have also bought and sold shares of MAR. Brighton Jones LLC increased its stake in Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after purchasing an additional 218 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of Marriott International in the 4th quarter valued at $225,000. Heck Capital Advisors LLC purchased a new stake in shares of Marriott International in the 4th quarter valued at $38,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of Marriott International in the 4th quarter valued at $254,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of Marriott International in the 4th quarter valued at $124,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Analysts Set New Price Targets

MAR has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. BMO Capital Markets lowered their price target on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Truist Financial increased their price target on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

Marriott International Stock Up 0.1%

MAR opened at $262.14 on Thursday. The company has a market cap of $71.16 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.58 and a beta of 1.38. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The firm's fifty day simple moving average is $266.63 and its two-hundred day simple moving average is $257.33.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts' consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its Board of Directors has approved a share buyback plan on Thursday, August 7th that allows the company to repurchase 25,000,000 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 leadership believes its shares are undervalued.

Marriott International Dividend Announcement

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

About Marriott International

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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