Callan Family Office LLC Purchases 10,168 Shares of Marriott International, Inc. $MAR

Key Points

• Callan Family Office LLC increased its stake in Marriott International by 419.3% in the 2nd quarter, acquiring an additional 10,168 shares, bringing their total holdings to 12,593 shares worth approximately $3.44 million.
• Marriott International reported a quarterly revenue of $6.74 billion, exceeding analysts' expectations, with a net margin of 9.60% and EPS of $2.65 for the quarter.
• The company has announced a share buyback program authorizing the repurchase of 25 million shares, indicating management's belief that the shares are undervalued at current market prices.

Callan Family Office LLC increased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 419.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,593 shares of the company's stock after purchasing an additional 10,168 shares during the period. Callan Family Office LLC's holdings in Marriott International were worth $3,441,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Pallas Capital Advisors LLC raised its position in Marriott International by 0.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock worth $2,363,000 after purchasing an additional 37 shares during the last quarter. CreativeOne Wealth LLC raised its position in Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock worth $436,000 after purchasing an additional 38 shares during the last quarter. Motley Fool Asset Management LLC raised its position in Marriott International by 0.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after purchasing an additional 39 shares during the last quarter. Valmark Advisers Inc. raised its position in Marriott International by 1.6% in the 2nd quarter. Valmark Advisers Inc. now owns 2,462 shares of the company's stock worth $673,000 after purchasing an additional 39 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings 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 acquiring an additional 40 shares during the period. Institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MAR. Robert W. Baird lifted their target price on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price for the company. Barclays lowered their target price on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a report on Friday, October 3rd. Finally, 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 report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $282.63.

Marriott International Stock Down 2.2%

MAR opened at $260.20 on Friday. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The company has a fifty day simple moving average of $265.21 and a 200 day simple moving average of $259.02. The stock has a market cap of $70.63 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.62 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts' consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the company earned $2.50 EPS. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. On average, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were paid a $0.67 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International's dividend payout ratio is presently 30.21%.

Marriott International declared that its Board of Directors has authorized a share buyback program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.