Cbre Investment Management Listed Real Assets LLC Has $12.17 Million Holdings in Marriott International, Inc. $MAR

Key Points

• Cbre Investment Management Listed Real Assets LLC reduced its stake in Marriott International by 53.1%, holding 51,098 shares valued at approximately $12.17 million.
• Marriott's CEO, Anthony Capuano, sold 12,000 shares at an average price of $263.90, representing an 8.82% decrease in his ownership.
• Marriott International's stock has a market capitalization of $74.33 billion and recently announced a quarterly dividend of $0.67 per share, scheduled for payment on September 30th.

Cbre Investment Management Listed Real Assets LLC lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 53.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,098 shares of the company's stock after selling 57,849 shares during the quarter. Cbre Investment Management Listed Real Assets LLC's holdings in Marriott International were worth $12,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bernard Wealth Management Corp. acquired a new position in Marriott International during the fourth quarter worth about $25,000. Kapitalo Investimentos Ltda acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $34,000. Morse Asset Management Inc acquired a new position in shares of Marriott International in the first quarter valued at approximately $30,000. Heck Capital Advisors LLC acquired a new position in shares of Marriott International in the fourth quarter valued at approximately $38,000. Finally, Sound Income Strategies LLC increased its position in Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer directly owned 124,067 shares of the company's stock, valued at $32,741,281.30. This represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rajeev Menon sold 2,500 shares of the company's 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 in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAR. UBS Group decreased their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Mizuho reduced their price objective on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday. Truist Financial reduced their price objective on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Finally, Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $281.00.

Marriott International Stock Up 4.4%

MAR stock opened at $273.82 on Friday. The firm has a market capitalization of $74.33 billion, a PE ratio of 30.87, a PEG ratio of 2.58 and a beta of 1.44. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The stock has a 50-day simple moving average of $269.30 and a two-hundred day simple moving average of $260.07.

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

Marriott International announced that its board has approved a share repurchase program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be paid 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 30.21%.

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.

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