Advisors Asset Management Inc. Reduces Position in Marriott International, Inc. $MAR

Key Points

• Advisors Asset Management Inc. has reduced its stake in Marriott International by 26.1% in the first quarter, now holding 14,239 shares valued at approximately $3.39 million.
• Marriott International recently declared a quarterly dividend of $0.67 per share, yielding about 1.0%, with a payout ratio of 30.21%.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a target price of $281.26, while Robert W. Baird upgraded their target price to $287.00.

Advisors Asset Management Inc. lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 26.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,239 shares of the company's stock after selling 5,030 shares during the period. Advisors Asset Management Inc.'s holdings in Marriott International were worth $3,392,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. CreativeOne Wealth LLC boosted its position in shares of Marriott International by 2.1% during the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock valued at $436,000 after buying an additional 38 shares during the period. Motley Fool Asset Management LLC boosted its position in shares of Marriott International by 0.3% during the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock valued at $3,055,000 after buying an additional 39 shares during the period. 4J Wealth Management LLC boosted its position in shares of Marriott International by 3.6% during the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after buying an additional 43 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Marriott International by 3.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,259 shares of the company's stock valued at $300,000 after acquiring an additional 43 shares in the last quarter. Finally, Obsidian Personal Planning Solutions LLC raised its stake in shares of Marriott International by 2.2% during the fourth quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MAR shares. Robert W. Baird upped their target price on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target on the stock. Truist Financial upped their price target on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research report on Wednesday. Finally, BMO Capital Markets reduced their price target on 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

Marriott International Stock Performance

Shares of MAR stock opened at $264.70 on Friday. The stock's 50-day simple moving average is $270.18 and its 200-day simple moving average is $258.34. The firm has a market capitalization of $71.86 billion, a PE ratio of 29.84, a P/E/G ratio of 2.65 and a beta of 1.38. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting analysts' consensus estimates of $2.65. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st will be given 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 of Directors has authorized a stock repurchase program on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the sale, the insider directly owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This trade represents a 30.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.68% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.