Adage Capital Partners GP L.L.C. Has $53.32 Million Holdings in Marriott International, Inc. $MAR

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Marriott International by 8.8%, holding 223,825 shares valued at approximately $53.3 million after selling 21,700 shares in the first quarter.
• Marriott announced a quarterly dividend of $0.67, with an annualized yield of 1.0%, and set FY 2025 earnings guidance at $9.850-10.080 EPS.
• The company's market capitalization stands at $71.96 billion, with a 12-month stock price range between $205.40 and $307.52.

Adage Capital Partners GP L.L.C. lowered its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 8.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,825 shares of the company's stock after selling 21,700 shares during the period. Adage Capital Partners GP L.L.C. owned 0.08% of Marriott International worth $53,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Marriott International in the 4th quarter worth approximately $25,000. Morse Asset Management Inc purchased a new position in shares of Marriott International during the first quarter valued at about $30,000. Sound Income Strategies LLC grew its position in shares of Marriott International by 46.7% during the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after purchasing an additional 50 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Marriott International in the fourth quarter worth about $38,000. Finally, Center for Financial Planning Inc. boosted its position in shares of Marriott International by 468.6% during 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 during the period. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

MAR traded up $3.37 on Monday, hitting $268.07. 990,448 shares of the company were exchanged, compared to its average volume of 1,661,427. The business's fifty day moving average is $270.18 and its 200 day moving average is $257.93. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52. The firm has a market capitalization of $72.77 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 2.61 and a beta of 1.38.

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

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International's dividend payout ratio (DPR) is currently 30.21%.

Marriott International announced that its board has approved a stock repurchase program on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MAR shares. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. 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. 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 research note on Wednesday, May 21st. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target for the company. Finally, Robert W. Baird lifted 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. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.26.

Insiders Place Their Bets

In other news, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the transaction, the insider directly owned 5,706 shares in the company, valued at approximately $1,530,805.68. This trade represents a 30.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.68% of the stock is currently owned by corporate insiders.

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.