12,848 Shares in Marriott International, Inc. $MAR Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new position in Marriott International, purchasing 12,848 shares valued at approximately $3.06 million in the first quarter.
• Marriott recently reported earnings of $2.65 per share, with revenues of $6.74 billion, surpassing analyst expectations and showing a 4.7% increase year-over-year.
• The company has initiated a share buyback plan, allowing for the repurchase of up to 25 million shares, indicating the board's belief that the stock is undervalued.

Caxton Associates LLP acquired a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,848 shares of the company's stock, valued at approximately $3,060,000.

Several other institutional investors have also recently made changes to their positions in MAR. Brighton Jones LLC raised its position in shares of Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after buying an additional 218 shares during the period. CoreCap Advisors LLC increased its position in shares of Marriott International by 15.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,576 shares of the company's stock worth $440,000 after purchasing an additional 210 shares during the last quarter. Ethic Inc. increased its position in shares of Marriott International by 15.1% during the 4th quarter. Ethic Inc. now owns 13,704 shares of the company's stock worth $3,823,000 after purchasing an additional 1,800 shares during the last quarter. Focus Partners Wealth increased its position in shares of Marriott International by 60.0% during the 4th quarter. Focus Partners Wealth now owns 88,864 shares of the company's stock worth $25,836,000 after purchasing an additional 33,321 shares during the last quarter. Finally, Land & Buildings Investment Management LLC increased its position in shares of Marriott International by 55.9% during the 4th quarter. Land & Buildings Investment Management LLC now owns 94,880 shares of the company's stock worth $26,466,000 after purchasing an additional 34,020 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $1.44 during trading on Friday, hitting $266.50. The company's stock had a trading volume of 1,051,339 shares, compared to its average volume of 1,649,388. The business has a 50 day moving average price of $269.25 and a two-hundred day moving average price of $257.88. The company has a market capitalization of $72.34 billion, a PE ratio of 30.05, a P/E/G ratio of 2.59 and a beta of 1.38. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 dividend yield of 1.0%. Marriott International's payout ratio is presently 30.21%.

Marriott International declared that its Board of Directors has approved a share repurchase program on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAR. Robert W. Baird boosted their target price on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Truist Financial boosted their target price on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. BMO Capital Markets cut their target price on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price on the stock. Finally, UBS Group cut their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $281.26.

Insider Activity at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction on 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 transaction, the insider owned 5,706 shares in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.68% of the company's stock.

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.