Allstate Corp Has $280,000 Stake in Marriott International, Inc. $MAR

Key Points

• Allstate Corp significantly reduced its holdings in Marriott International by selling 5,911 shares, representing an 83.4% decrease, and now owns only 1,177 shares valued at $280,000.
• CEO Anthony Capuano sold 12,000 shares of Marriott at an average price of $263.90, reflecting an 8.82% decrease in his overall ownership of the stock.
• Marriott International has approved a stock buyback plan allowing repurchase of up to 25 million shares, indicating the management's belief that the stock is undervalued.

Allstate Corp reduced its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 83.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,177 shares of the company's stock after selling 5,911 shares during the period. Allstate Corp's holdings in Marriott International were worth $280,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new stake in shares of Marriott International in the fourth quarter valued at about $25,000. Kapitalo Investimentos Ltda bought a new stake in shares of Marriott International in the fourth quarter valued at about $34,000. Morse Asset Management Inc bought a new stake in shares of Marriott International in the first quarter valued at about $30,000. Heck Capital Advisors LLC bought a new stake in Marriott International during the fourth quarter worth about $38,000. Finally, Sound Income Strategies LLC grew its stake in Marriott International by 46.7% during the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after buying an additional 50 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price for the company. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. UBS Group dropped their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Finally, BMO Capital Markets dropped their target price on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Marriott International presently has an average rating of "Moderate Buy" and an average price target of $281.00.

Marriott International Price Performance

NASDAQ MAR traded down $2.39 during trading hours on Friday, reaching $267.86. The company's stock had a trading volume of 858,948 shares, compared to its average volume of 1,375,608. The firm has a fifty day simple moving average of $270.40 and a 200-day simple moving average of $258.83. The stock has a market cap of $72.71 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.64 and a beta of 1.44. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $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, research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International's dividend payout ratio is currently 30.21%.

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

Insiders Place Their Bets

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the 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 owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.68% of the company's stock.

Marriott International Company 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.