Ameriprise Financial Inc. Has $57.04 Million Stock Holdings in Marriott International, Inc. $MAR

Key Points

• Ameriprise Financial Inc. increased its stake in Marriott International by 3.9%, owning 239,480 shares valued at approximately $57.04 million as of the latest quarter.
• Insider sales occurred as CEO Anthony Capuano and other executives sold shares, with Capuano decreasing his ownership by 8.82% after selling 12,000 shares.
• Marriott International announced a stock repurchase plan allowing the buyback of 25 million shares, which often indicates that management believes the stock is undervalued.

Ameriprise Financial Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 239,480 shares of the company's stock after buying an additional 8,973 shares during the quarter. Ameriprise Financial Inc. owned about 0.09% of Marriott International worth $57,044,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Marriott International during the 4th quarter worth approximately $25,000. Kapitalo Investimentos Ltda acquired a new position in Marriott International during the 4th quarter worth approximately $34,000. Morse Asset Management Inc acquired a new position in Marriott International during the 1st quarter worth approximately $30,000. Heck Capital Advisors LLC acquired a new position in Marriott International during the 4th quarter worth approximately $38,000. Finally, Sound Income Strategies LLC raised its stake in Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after buying an additional 50 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the transaction, the insider directly owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the transaction, the chief executive officer directly owned 124,067 shares of the company's stock, valued at approximately $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MAR shares. Truist Financial dropped their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. Mizuho lowered their price objective on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. BMO Capital Markets lowered their price objective on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Finally, UBS Group lowered their price objective 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 issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $281.00.

Marriott International Trading Up 0.7%

Shares of MAR opened at $269.67 on Thursday. The company has a market capitalization of $73.20 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.64 and a beta of 1.44. The stock has a 50 day moving average of $269.99 and a 200 day moving average of $259.42. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts' consensus estimates of $2.65. The company had revenue of $6.74 billion during 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%.Marriott International's revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $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. As a group, equities research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Marriott International Announces Dividend

The company 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 is 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.

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.