AQR Capital Management LLC Has $52.43 Million Holdings in Marriott International, Inc. $MAR

Key Points

• AQR Capital Management LLC reduced its stake in Marriott International by 0.7% in Q1 2023, holding approximately $52.43 million worth of shares.
• Several institutional investors, including Vanguard, Wellington Management, and Deutsche Bank, increased their holdings in Marriott, indicating strong institutional interest in the company.
• Marriott recently declared a quarterly dividend of $0.67 per share, representing a yield of 1.0%, and announced a stock repurchase plan to reacquire 25 million shares.

AQR Capital Management LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,918 shares of the company's stock after selling 1,676 shares during the period. AQR Capital Management LLC owned approximately 0.08% of Marriott International worth $52,433,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Marriott International by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company's stock worth $4,820,329,000 after purchasing an additional 184,387 shares during the period. Wellington Management Group LLP increased its holdings in shares of Marriott International by 16.4% in the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after acquiring an additional 766,309 shares in the last quarter. Invesco Ltd. increased 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 acquiring an additional 654,766 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Marriott International by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company's stock worth $360,833,000 after acquiring an additional 37,212 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Marriott International by 19.1% in the first quarter. Deutsche Bank AG now owns 1,447,911 shares of the company's stock worth $344,892,000 after acquiring an additional 232,036 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $264.70 on Friday. The stock has a 50 day moving average price of $270.18 and a 200 day moving average price of $258.14. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The stock has a market capitalization of $71.86 billion, a PE ratio of 29.84, 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 results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. 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, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 1.0%. Marriott International's dividend payout ratio is 30.21%.

Marriott International announced that its board has initiated a stock repurchase plan on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MAR shares. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and increased their price target for the stock from $226.00 to $303.00 in a report on Monday, May 12th. 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. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Robert W. Baird upped their price objective on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, UBS Group reduced their price objective on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $281.26.

Insider Buying and Selling

In related news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction that occurred 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 SEC, which is accessible through this hyperlink. Company insiders own 10.68% of the company's stock.

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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