Marriott International, Inc. $MAR Shares Sold by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in Marriott International by 4.4%, selling 3,303 shares, leaving it with a total of 71,620 shares valued at approximately $17 million.
• Marriott International announced a quarterly dividend of $0.67 per share, representing a 1.0% yield, and set its FY 2025 EPS guidance at between 9.850 and 10.080.
• The company initiated a stock buyback program authorizing the repurchase of up to 25 million shares, which indicates confidence from management in the stock's valuation.

Corebridge Financial Inc. lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,620 shares of the company's stock after selling 3,303 shares during the quarter. Corebridge Financial Inc.'s holdings in Marriott International were worth $17,060,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Motley Fool Asset Management LLC boosted its position in Marriott International by 0.3% during the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after purchasing an additional 39 shares in the last quarter. 4J Wealth Management LLC raised its holdings in shares of Marriott International by 3.6% during the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after acquiring an additional 43 shares during the last quarter. Obsidian Personal Planning Solutions LLC raised its holdings in shares of Marriott International by 2.2% during the fourth quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock valued at $587,000 after acquiring an additional 44 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Marriott International by 2.8% during the first quarter. Legacy Financial Advisors Inc. now owns 1,665 shares of the company's stock valued at $397,000 after acquiring an additional 45 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Marriott International by 6.6% during the first quarter. Harbour Investments Inc. now owns 758 shares of the company's stock valued at $180,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and increased their target price for the company from $226.00 to $303.00 in a report on Monday, May 12th. UBS Group cut their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Mizuho cut their price target on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. assumed coverage on Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Marriott International has an average rating of "Moderate Buy" and a consensus target price of $281.00.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 12,000 shares of the firm's 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 directly owned 124,067 shares in the company, valued at $32,741,281.30. This trade represents a 8.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the firm'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 transaction, the insider owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.68% of the company's stock.

Marriott International Trading Up 0.2%

Marriott International stock traded up $0.58 during mid-day trading on Thursday, hitting $270.25. The company's stock had a trading volume of 970,158 shares, compared to its average volume of 1,441,072. The firm has a market capitalization of $73.36 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 2.65 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. The stock's fifty day moving average is $270.24 and its two-hundred day moving average is $259.19.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting the consensus estimate of $2.65. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be given 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 dividend payout ratio is presently 30.21%.

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

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.