Cwm LLC Sells 30,715 Shares of Marriott International, Inc. $MAR

Key Points

• Cwm LLC reduced its stake in Marriott International by 73.7%, selling 30,715 shares in the second quarter and now holds 10,968 shares valued at approximately $2.99 million.
• Marriott International's Board of Directors has authorized a stock buyback plan to purchase up to 25 million outstanding shares, indicating confidence in the stock's value.
• The company's quarterly earnings met expectations, reporting $2.65 per share with revenue of $6.74 billion, a 4.7% increase from the same quarter last year.

Cwm LLC cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 73.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,968 shares of the company's stock after selling 30,715 shares during the period. Cwm LLC's holdings in Marriott International were worth $2,997,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in Marriott International during the 1st quarter valued at $30,000. Center for Financial Planning Inc. lifted its stake in 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 acquiring an additional 164 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Marriott International during the 1st quarter worth $52,000. McClarren Financial Advisors Inc. bought a new stake in shares of Marriott International during the 1st quarter worth $57,000. Finally, Creative Capital Management Investments LLC bought a new stake in shares of Marriott International during the 2nd quarter worth $70,000. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Truist Financial lifted their target price on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. BMO Capital Markets lowered their target price on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Marriott International in a research note on Wednesday, October 8th. Finally, Barclays lowered their price objective on 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $282.63.

Marriott International Stock Performance

Shares of Marriott International stock opened at $260.85 on Friday. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The stock's 50-day simple moving average is $265.52 and its 200 day simple moving average is $259.80. The stock has a market capitalization of $70.81 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.55 and a beta of 1.35.

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

Marriott International announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Marriott International Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.0%. Marriott International's dividend payout ratio is currently 30.21%.

About Marriott International

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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