Marriott International, Inc. $MAR Stock Holdings Lifted by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec has increased its stake in Marriott International by 40.9% in the first quarter, holding 12,140 shares valued at approximately $2.89 million.
• Marriott recently announced a quarterly dividend of $0.67, with a payout ratio of 30.21%, alongside a stock buyback program allowing the repurchase of up to 25 million shares.
• The company's stock currently has a market capitalization of $71.86 billion, with recent earnings showing a revenue increase of 4.7% year-over-year, totaling $6.74 billion.

Federation des caisses Desjardins du Quebec raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 40.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,140 shares of the company's stock after acquiring an additional 3,524 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Marriott International were worth $2,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC grew its stake in Marriott International by 2.1% in the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock worth $436,000 after purchasing an additional 38 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in Marriott International by 0.3% in 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 grew its stake in Marriott International by 3.6% in the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock worth $292,000 after purchasing an additional 43 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Marriott International by 3.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,259 shares of the company's stock valued at $300,000 after acquiring an additional 43 shares during the period. Finally, Obsidian Personal Planning Solutions LLC boosted its stake in Marriott International by 2.2% in 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 period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. 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. UBS Group decreased their target price on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. JPMorgan Chase & Co. assumed coverage on Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price for the company. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and lifted their target price for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Finally, Truist Financial boosted their price objective on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Two 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $281.26.

Insider Activity

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the company'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.68% of the company's stock.

Marriott International Trading Down 1.5%

NASDAQ:MAR traded down $4.07 during midday trading on Tuesday, hitting $264.00. 1,253,046 shares of the stock were exchanged, compared to its average volume of 1,659,049. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52. The company has a market capitalization of $71.67 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.61 and a beta of 1.38. The business has a 50-day moving average price of $270.07 and a two-hundred day moving average price of $257.87.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. 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. Sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business 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 $0.67 dividend. The ex-dividend date of this dividend is 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%.

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

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.