Clarus Wealth Advisors Sells 2,512 Shares of Marriott International, Inc. $MAR

Key Points

• Clarus Wealth Advisors has reduced its stake in Marriott International by 59.9%, selling 2,512 shares and now holding 1,685 shares worth approximately $472,000.
• Insider Rajeev Menon sold 2,500 shares of Marriott's stock at an average price of $268.28, decreasing his ownership by 30.47%.
• Marriott International has announced a share buyback program for 25 million shares, indicating the board believes the shares are undervalued.

Clarus Wealth Advisors cut its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 59.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,685 shares of the company's stock after selling 2,512 shares during the quarter. Clarus Wealth Advisors' holdings in Marriott International were worth $472,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MAR. Brighton Jones LLC lifted its position in Marriott International by 2.5% in the fourth 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. Toronto Dominion Bank lifted its position in Marriott International by 5.1% in the fourth quarter. Toronto Dominion Bank now owns 132,887 shares of the company's stock worth $37,067,000 after buying an additional 6,404 shares during the last quarter. Strategic Wealth Partners Ltd. bought a new stake in Marriott International in the fourth quarter worth $260,000. State of Wyoming lifted its position in shares of Marriott International by 89.2% during the fourth quarter. State of Wyoming now owns 1,459 shares of the company's stock worth $407,000 after purchasing an additional 688 shares during the last quarter. Finally, Twinbeech Capital LP bought a new stake in shares of Marriott International during the fourth quarter worth $242,000. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In other news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MAR. JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price for the company. BMO Capital Markets decreased their target price on 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. Robert W. Baird lifted their target price on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. UBS Group decreased their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Finally, Truist Financial raised their price target on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Two 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 stock. According to MarketBeat, Marriott International presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

Marriott International Price Performance

MAR opened at $265.14 on Tuesday. The business's 50-day moving average is $268.71 and its two-hundred day moving average is $257.39. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The firm has a market capitalization of $71.97 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.63 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm earned $2.50 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. 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, sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board 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. Shareholders of record on Thursday, August 21st will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 21st. Marriott International's payout ratio is 30.21%.

Marriott International 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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