DoubleLine ETF Adviser LP Invests $1.29 Million in Marriott International, Inc. $MAR

Key Points

• DoubleLine ETF Adviser LP has acquired 5,419 shares of Marriott International, Inc., valued at approximately $1.29 million, marking a new investment in the company during the first quarter.
• Insider Rajeev Menon sold 2,500 shares at an average price of $268.28, reflecting a 30.47% decrease in his ownership, as disclosed in SEC filings.
• The company announced a **stock buyback plan** to repurchase up to **25 million outstanding shares**, signaling confidence in the stock's valuation.

DoubleLine ETF Adviser LP acquired a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,419 shares of the company's stock, valued at approximately $1,291,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Marriott International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company's stock worth $4,820,329,000 after acquiring an additional 184,387 shares during the last quarter. Wellington Management Group LLP raised its holdings in Marriott International by 16.4% during the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock valued at $1,292,809,000 after buying an additional 766,309 shares during the last quarter. Invesco Ltd. raised its holdings in Marriott International by 18.9% during the 1st quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock valued at $982,298,000 after buying an additional 654,766 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Marriott International by 194.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company's stock valued at $407,242,000 after buying an additional 1,129,555 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Marriott International by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company's stock valued at $360,833,000 after buying an additional 37,212 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Up 1.3%

Shares of NASDAQ:MAR traded up $3.37 during midday trading on Monday, reaching $268.07. The company's stock had a trading volume of 997,481 shares, compared to its average volume of 1,661,475. The firm has a 50 day moving average of $270.18 and a 200-day moving average of $257.93. The firm has a market capitalization of $72.77 billion, a P/E ratio of 30.22, a PEG ratio of 2.61 and a beta of 1.38. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting 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 firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the firm earned $2.50 EPS. The company's 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. On average, research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

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 dividend of $0.67 per share. The ex-dividend date is Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 1.0%. Marriott International's dividend payout ratio is currently 30.21%.

Marriott International declared that its board has initiated 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 reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Dbs Bank upgraded shares of Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. UBS Group lowered their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. BMO Capital Markets decreased their price objective on shares of 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 upped their price objective on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective for the company. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $281.26.

Insider Transactions at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the company's 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 transaction, the insider owned 5,706 shares in the company, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.68% of the company's stock.

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.