Concord Asset Management LLC VA Invests $309,000 in Marriott International, Inc. $MAR

Concord Asset Management LLC VA acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,131 shares of the company's stock, valued at approximately $309,000.

Other large investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of Marriott International in the first quarter worth $30,000. Sound Income Strategies LLC grew its stake in shares of 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. Center for Financial Planning Inc. increased its position in shares of Marriott International by 468.6% during the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock valued at $47,000 after purchasing an additional 164 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Marriott International in the 1st quarter worth approximately $52,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Marriott International during the first quarter valued at approximately $57,000. Institutional investors own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MAR. Barclays dropped their price target on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating on the stock in a research note on Friday, October 3rd. BMO Capital Markets cut their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Robert W. Baird raised their price objective on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Marriott International currently has an average rating of "Moderate Buy" and a consensus target price of $282.63.

Marriott International Trading Up 1.2%

NASDAQ MAR opened at $263.26 on Tuesday. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The stock has a market cap of $71.46 billion, a PE ratio of 29.68, a P/E/G ratio of 2.57 and a beta of 1.35. The stock's 50 day moving average is $265.30 and its 200 day moving average is $259.40.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data 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 net margin of 9.60% and a negative return on equity of 93.44%. The firm had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter last year, the business posted $2.50 earnings per share. The company's revenue for the quarter 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. On average, analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

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

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were given a dividend of $0.67 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International's dividend payout ratio (DPR) is presently 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.

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.