APG Asset Management N.V. Trims Stake in Marriott International, Inc. $MAR

Key Points

• APG Asset Management N.V. decreased its stake in Marriott International by 23.4%, selling 10,735 shares during the first quarter, leaving it with 35,047 shares valued at approximately $7.73 million.
• Marriott International reported earnings of $2.65 per share for the last quarter, matching consensus estimates, and had revenue of $6.74 billion, exceeding expectations of $6.66 billion.
• The company announced a stock buyback program authorizing the repurchase of 25 million shares, signaling that management believes the stock is undervalued, alongside a quarterly dividend of $0.67 per share.

APG Asset Management N.V. reduced its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 23.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,047 shares of the company's stock after selling 10,735 shares during the quarter. APG Asset Management N.V.'s holdings in Marriott International were worth $7,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAR. Bernard Wealth Management Corp. purchased a new stake in Marriott International in the 4th quarter worth about $25,000. Morse Asset Management Inc purchased a new position in shares of Marriott International during the first quarter worth approximately $30,000. Kapitalo Investimentos Ltda purchased a new position in shares of Marriott International during the fourth quarter worth approximately $34,000. Sound Income Strategies LLC increased its position in shares of 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 acquiring an additional 50 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of Marriott International during the fourth quarter worth approximately $38,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were 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 $1,530,805.68. This trade represents a 30.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the sale, the chief executive officer 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 owned by company insiders.

Marriott International Stock Down 1.9%

Shares of MAR stock opened at $268.60 on Tuesday. The firm has a market cap of $72.91 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 2.70 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. The company's 50 day moving average is $269.51 and its 200 day moving average is $259.29.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting the consensus estimate 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 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 firm 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. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International announced that its board has approved a stock buyback program on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Marriott International Dividend Announcement

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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 21st. Marriott International's dividend payout ratio (DPR) is 30.21%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MAR shares. 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 target price on the stock. Truist Financial reduced their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and raised their target price for the stock from $226.00 to $303.00 in a research report on Monday, May 12th. BMO Capital Markets cut their price objective on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Mizuho cut their price objective on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.00.

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.

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