Carmignac Gestion Acquires 2,197 Shares of Marriott International, Inc. $MAR

Key Points

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Carmignac Gestion increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,200 shares of the company's stock after acquiring an additional 2,197 shares during the quarter. Carmignac Gestion's holdings in Marriott International were worth $2,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock worth $2,479,000 after buying an additional 218 shares during the last quarter. Ossiam grew its position in shares of Marriott International by 55.0% in the 4th quarter. Ossiam now owns 4,273 shares of the company's stock worth $1,192,000 after buying an additional 1,516 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Marriott International by 0.6% in the 4th quarter. MetLife Investment Management LLC now owns 61,027 shares of the company's stock worth $17,023,000 after buying an additional 343 shares during the last quarter. MML Investors Services LLC grew its position in shares of Marriott International by 3.9% in the 4th quarter. MML Investors Services LLC now owns 20,342 shares of the company's stock worth $5,674,000 after buying an additional 772 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Marriott International in the 4th quarter worth approximately $139,000. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAR has been the topic of a number of recent analyst reports. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and raised their target price for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Truist Financial lowered their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research note on Friday, May 30th. UBS Group lowered their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, BMO Capital Markets lowered their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $281.00.

Insiders Place Their Bets

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the transaction, the chief executive officer owned 124,067 shares in the company, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 10.68% of the stock is currently owned by insiders.

Marriott International Trading Down 0.5%

NASDAQ:MAR traded down $1.26 during trading hours on Thursday, reaching $262.27. 1,116,599 shares of the company traded hands, compared to its average volume of 1,454,219. The business's 50-day moving average price is $268.92 and its two-hundred day moving average price is $260.18. The stock has a market capitalization of $71.20 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.59 and a beta of 1.44. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (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 negative return on equity of 93.44% and a net margin of 9.60%.The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, equities analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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

Marriott International announced that its board has approved a share buyback program on Thursday, August 7th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally 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.