Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $874,000 Position in Marriott International, Inc. $MAR

Key Points

• Empirical Financial Services LLC has decreased its stake in Marriott International by 37.4%, holding 3,197 shares valued at $874,000.
• Several hedge funds have adjusted their positions in Marriott, with Pallas Capital Advisors LLC increasing its holdings by 0.4% to 8,649 shares worth $2,363,000.
• Marriott International recently declared a $0.67 quarterly dividend and has authorized a share buyback program for 25 million shares, indicating management's belief that the stock is undervalued.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 37.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,197 shares of the company's stock after selling 1,914 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Marriott International were worth $874,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pallas Capital Advisors LLC increased its holdings in shares of Marriott International by 0.4% during the second quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock worth $2,363,000 after buying an additional 37 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in Marriott International by 2.1% during the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock valued at $436,000 after purchasing an additional 38 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in Marriott International by 0.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock valued at $3,055,000 after purchasing an additional 39 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Marriott International by 1.7% in the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company's stock valued at $569,000 after buying an additional 40 shares in the last quarter. Finally, 4J Wealth Management LLC increased its stake in shares of Marriott International by 3.6% in the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of several research reports. Weiss Ratings restated a "buy (b-)" rating on shares of Marriott International in a research report on Saturday, September 27th. Truist Financial raised their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Robert W. Baird lifted their target price on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Barclays lowered their target price on Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, BMO Capital Markets lowered their price objective on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $282.63.

Marriott International Stock Up 0.4%

Shares of MAR stock opened at $267.57 on Friday. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The firm has a market capitalization of $72.63 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.64 and a beta of 1.35. The firm has a fifty day moving average of $265.31 and a 200-day moving average of $258.31.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its 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 negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

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

Marriott International declared that its Board of Directors has authorized a share buyback program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

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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