Cresset Asset Management LLC Has $2.41 Million Position in Marriott International, Inc. $MAR

Key Points

• Cresset Asset Management LLC increased its stake in Marriott International by 12.7%, reaching a total position worth approximately $2.41 million as of the end of the first quarter.
• Marriott reported earnings of $2.65 per share for the recent quarter, matching analysts' expectations, and projected future EPS guidance indicating growth potential.
• The company announced a stock buyback plan authorizing the repurchase of 25 million shares, reflecting management's belief that the stock is currently undervalued.

Cresset Asset Management LLC raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,120 shares of the company's stock after purchasing an additional 1,137 shares during the quarter. Cresset Asset Management LLC's holdings in Marriott International were worth $2,411,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in shares of Marriott International by 11.9% in the first quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock worth $3,202,000 after acquiring an additional 1,432 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Marriott International in the first quarter worth $2,244,000. Alpha Cubed Investments LLC acquired a new position in shares of Marriott International in the first quarter worth $974,000. Vista Investment Partners II LLC increased its stake in shares of Marriott International by 22.5% in the first quarter. Vista Investment Partners II LLC now owns 7,199 shares of the company's stock worth $1,715,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Marriott International by 5.0% in the first quarter. Crossmark Global Holdings Inc. now owns 27,087 shares of the company's stock worth $6,452,000 after acquiring an additional 1,301 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR stock opened at $266.78 on Wednesday. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The company has a 50-day moving average of $268.99 and a two-hundred day moving average of $260.36. The stock has a market capitalization of $72.42 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.44.

Marriott International (NASDAQ:MAR - Get Free Report) last released 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. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the prior year, the company earned $2.50 earnings per share. The business'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. Equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

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

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, August 21st. Marriott International's dividend payout ratio is 30.21%.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the sale, the chief executive officer owned 124,067 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajeev Menon sold 2,500 shares of the stock in a transaction dated 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 sale, the insider owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial lowered their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Morgan Stanley lowered their target price on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and increased their target price for the stock from $226.00 to $303.00 in a research report on Monday, May 12th. Finally, Robert W. Baird increased their target price on shares of Marriott International from $265.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $280.89.

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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