B. Metzler seel. Sohn & Co. AG Trims Holdings in Marriott International, Inc. $MAR

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Marriott International by 13.6%, owning 7,745 shares valued at approximately $1.85 million at the end of the first quarter.
• Marriott's board authorized a share repurchase plan for up to 25 million shares, indicating confidence in the company's value.
• Analysts have decreased price targets for Marriott, with BMO Capital Markets lowering their target from $285 to $280, while Jefferies upgraded their rating to buy with a target of $303.

B. Metzler seel. Sohn & Co. AG lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,745 shares of the company's stock after selling 1,222 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Marriott International were worth $1,845,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. CreativeOne Wealth LLC increased its stake in Marriott International by 2.1% during the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock valued at $436,000 after purchasing an additional 38 shares in the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Marriott International by 4.3% in the 1st quarter. Rafferty Asset Management LLC now owns 70,713 shares of the company's stock valued at $16,844,000 after acquiring an additional 2,910 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Marriott International during the first quarter worth $6,852,000. Bank of Hawaii boosted its holdings in Marriott International by 5.0% during the first quarter. Bank of Hawaii now owns 1,731 shares of the company's stock worth $412,000 after buying an additional 82 shares in the last quarter. Finally, Apexium Financial LP boosted its holdings in Marriott International by 3.8% during the first quarter. Apexium Financial LP now owns 1,734 shares of the company's stock worth $413,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MAR shares. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Truist Financial lowered their price target on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a report on Friday, May 30th. BMO Capital Markets decreased 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. UBS Group decreased their price objective on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Finally, Mizuho decreased 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 issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Marriott International has an average rating of "Moderate Buy" and an average target price of $281.00.

Insider Transactions at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.68% of the company's stock.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $3.38 during mid-day trading on Tuesday, reaching $264.48. The company's stock had a trading volume of 1,422,983 shares, compared to its average volume of 1,673,471. The stock has a 50-day moving average of $270.47 and a two-hundred day moving average of $258.52. The stock has a market capitalization of $71.80 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.64 and a beta of 1.38. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period last year, the business earned $2.50 earnings per share. Marriott International's 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. Analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed 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. 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 presently 30.21%.

Marriott International announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.