Marriott International, Inc. $MAR Shares Acquired by Amundi

Key Points

• Amundi has increased its stake in Marriott International by 2.7%, acquiring an additional 14,424 shares, bringing its total ownership to approximately 551,604 shares valued at $123.9 million.
• Analysts have set a consensus price target of $281.26 for Marriott International, with various ratings including "Strong Buy," "Buy," and "Hold" from different research firms.
• The company recently announced a quarterly dividend of $0.67 per share, along with a share buyback plan to repurchase 25 million shares, indicating confidence in its stock value.

Amundi increased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 551,604 shares of the company's stock after buying an additional 14,424 shares during the quarter. Amundi owned about 0.20% of Marriott International worth $123,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Marriott International by 16.4% during the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after purchasing an additional 766,309 shares during the period. GAMMA Investing LLC lifted its stake in Marriott International by 23,923.3% in the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock worth $174,360,000 after purchasing an additional 728,942 shares during the last quarter. Nuveen LLC purchased a new position in shares of Marriott International during the first quarter valued at approximately $166,059,000. Invesco Ltd. raised its holdings in shares of Marriott International by 18.9% in the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock worth $982,298,000 after buying an additional 654,766 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Marriott International during the 4th quarter worth approximately $88,062,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

NASDAQ MAR traded down $4.07 during trading on Tuesday, reaching $264.00. 1,253,046 shares of the company's stock traded hands, compared to its average volume of 1,659,049. The company's 50 day simple moving average is $270.07 and its two-hundred day simple moving average is $257.87. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The firm has a market cap of $71.67 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.38.

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 the consensus estimate of $2.65. The company had revenue of $6.74 billion for 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%. Marriott International's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company 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. Research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board 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 buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Marriott International Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International's dividend payout ratio (DPR) is presently 30.21%.

Insider Transactions at Marriott International

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 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. This trade represents a 30.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group reduced their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and raised their price target for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. Truist Financial boosted their price objective 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. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, BMO Capital Markets lowered their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the 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 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.