Asset Advisors Investment Management LLC Reduces Stock Holdings in Marriott International, Inc. $MAR

Key Points

• Asset Advisors Investment Management LLC reduced its holdings in Marriott International by 3.2%, now owning 99,610 shares worth approximately $27.2 million.
• Marriott International reported quarterly earnings of $2.65 per share, matching the consensus estimate, with revenues of $6.74 billion, a 4.7% year-over-year increase.
• The company approved a stock buyback program authorizing the repurchase of 25 million shares, indicating management's belief that the stock is undervalued.

Asset Advisors Investment Management LLC lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,610 shares of the company's stock after selling 3,270 shares during the quarter. Marriott International comprises approximately 2.7% of Asset Advisors Investment Management LLC's holdings, making the stock its 9th largest holding. Asset Advisors Investment Management LLC's holdings in Marriott International were worth $27,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. Pallas Capital Advisors LLC boosted its stake in shares of Marriott International by 0.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock valued at $2,363,000 after purchasing an additional 37 shares in the last quarter. CreativeOne Wealth LLC lifted its position in Marriott International by 2.1% during the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock worth $436,000 after buying an additional 38 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in Marriott International by 0.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after buying an additional 39 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Marriott International by 1.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company's stock worth $569,000 after buying an additional 40 shares in the last quarter. Finally, 4J Wealth Management LLC lifted its position in Marriott International by 3.6% during the 1st quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock worth $292,000 after buying an additional 43 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $266.40 on Friday. The business has a fifty day simple moving average of $265.54 and a two-hundred day simple moving average of $258.05. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The company has a market capitalization of $72.32 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 2.58 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (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 business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm posted $2.50 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. 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 analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st were given a dividend of $0.67 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 1.0%. Marriott International's dividend payout ratio (DPR) is presently 30.21%.

Marriott International declared that its board has authorized a stock repurchase program on Thursday, August 7th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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 research note on Wednesday, August 6th. Truist Financial upped their price target on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. assumed coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target for the company. Finally, Robert W. Baird upped their price target on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Marriott International has an average rating of "Moderate Buy" and an average target price of $281.26.

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.

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