BDF Gestion Sells 1,084 Shares of Marriott International, Inc. $MAR

Key Points

• BDF Gestion has reduced its stake in Marriott International by 9.8%, selling 1,084 shares to own 9,943 shares valued at approximately $2.72 million.
• Insider Rajeev Menon sold 2,500 shares of Marriott stock, resulting in a 30.47% decrease in his ownership, while retaining shares valued at over $1.5 million.
• Marriott's Board has authorized a stock repurchase program for up to 25 million outstanding shares, a move often seen as a sign of potential undervaluation of the company’s stock.

BDF Gestion lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,943 shares of the company's stock after selling 1,084 shares during the quarter. BDF Gestion's holdings in Marriott International were worth $2,717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV increased its stake in shares of Marriott International by 9.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company's stock valued at $15,005,000 after buying an additional 5,482 shares during the period. Permanens Capital L.P. grew its holdings in Marriott International by 15.6% during the 1st quarter. Permanens Capital L.P. now owns 15,396 shares of the company's stock valued at $3,667,000 after buying an additional 2,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Marriott International by 3.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company's stock worth $52,389,000 after purchasing an additional 8,149 shares during the last quarter. Swedbank AB lifted its stake in Marriott International by 1.3% in the first quarter. Swedbank AB now owns 68,429 shares of the company's stock worth $16,300,000 after purchasing an additional 881 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Marriott International by 11.9% in the first quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock valued at $3,202,000 after acquiring an additional 1,432 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Price Performance

Shares of NASDAQ:MAR traded down $4.42 during trading on Monday, reaching $264.10. The stock had a trading volume of 1,477,484 shares, compared to its average volume of 1,653,013. The stock has a market capitalization of $71.69 billion, a PE ratio of 29.77, a P/E/G ratio of 2.65 and a beta of 1.38. The business's 50-day moving average price is $267.50 and its 200 day moving average price is $257.25. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting analysts' consensus estimates of $2.65. The business 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%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business 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. Analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International declared that its board has initiated a share repurchase program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Marriott International Dividend Announcement

The business also recently announced 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 dividend yield of 1.0%. Marriott International's payout ratio is presently 30.21%.

Insider Activity

In related news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the transaction, the insider directly owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on MAR. Robert W. Baird lifted their price objective on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Truist Financial lifted their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. Finally, BMO Capital Markets reduced their price target on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.