AG2R LA Mondiale Gestion D Actifs Takes Position in Marriott International, Inc. $MAR

Key Points

• AG2R LA Mondiale Gestion D Actifs purchased 8,811 shares of Marriott International, valued at approximately $2,325,000, in the first quarter of the year.
• Marriott International's stock has a current consensus rating of "Moderate Buy" with an average price target of $281.26, following multiple analysts' updates that include both downgrades and upgrades.
• The company recently declared a quarterly dividend of $0.67 per share, and its Board approved a stock repurchase plan allowing the buyback of up to 25 million shares.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,811 shares of the company's stock, valued at approximately $2,325,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CreativeOne Wealth LLC increased 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 acquiring an additional 38 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in shares of Marriott International by 0.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after acquiring an additional 39 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Marriott International by 1.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company's stock valued at $569,000 after purchasing an additional 40 shares in the last quarter. 4J Wealth Management LLC boosted its holdings in Marriott International by 3.6% in the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after purchasing an additional 43 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Marriott International by 3.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,259 shares of the company's stock valued at $300,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Insiders Place Their Bets

In other news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the sale, the insider directly owned 5,706 shares in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their price objective on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. 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 report on Wednesday, September 3rd. JPMorgan Chase & Co. started 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. Robert W. Baird lifted their price objective on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, UBS Group cut their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Two 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

Marriott International Stock Up 1.0%

Shares of Marriott International stock traded up $2.75 during trading hours on Tuesday, hitting $267.89. The company's stock had a trading volume of 1,266,377 shares, compared to its average volume of 1,647,594. The business has a fifty day moving average of $268.71 and a 200 day moving average of $257.39. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The company has a market capitalization of $72.72 billion, a PE ratio of 30.20, a P/E/G ratio of 2.63 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $2.50 EPS. 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, sell-side analysts anticipate 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 repurchase program on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Marriott International Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.68 annualized dividend and a dividend yield of 1.0%. Marriott International's payout ratio is presently 30.21%.

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.