Fiduciary Family Office LLC Makes New Investment in Marriott International, Inc. (NASDAQ:MAR)

Key Points

• Fiduciary Family Office LLC acquired 1,221 shares of Marriott International, valued at approximately $291,000, during the first quarter of the year.
• Marriott International reported $2.65 earnings per share for its last quarter, meeting consensus estimates, with revenue increasing by 4.7% compared to the previous year.
• The company has approved a share repurchase plan allowing it to buy back up to 25 million shares, signaling management's belief that its stock is undervalued.

Fiduciary Family Office LLC purchased a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,221 shares of the company's stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAR. Bernard Wealth Management Corp. purchased a new position in Marriott International during the fourth quarter worth about $25,000. Kapitalo Investimentos Ltda purchased a new position in Marriott International during the fourth quarter worth about $34,000. Morse Asset Management Inc purchased a new position in Marriott International during the first quarter worth about $30,000. Heck Capital Advisors LLC acquired a new stake in shares of Marriott International during the fourth quarter valued at about $38,000. Finally, Sound Income Strategies LLC increased its position in shares of Marriott International by 46.7% during the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after acquiring an additional 50 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Price Performance

Shares of Marriott International stock traded up $7.04 during trading hours on Tuesday, hitting $265.01. The company had a trading volume of 1,110,639 shares, compared to its average volume of 1,578,016. The company's 50-day moving average is $268.72 and its two-hundred day moving average is $261.13. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The company has a market cap of $71.94 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 2.46 and a beta of 1.44.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.65. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 EPS. Sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International declared that its board has authorized a stock buyback plan on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 payout ratio is presently 30.21%.

Insider Activity

In other Marriott International news, CEO Anthony Capuano sold 12,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer directly owned 124,067 shares in the company, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the transaction, the insider directly owned 5,706 shares of the company's stock, valued at $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets dropped their price target on shares of 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. JPMorgan Chase & Co. started 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. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. 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 report on Wednesday, May 21st. Finally, Truist Financial reduced their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Twelve analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Marriott International currently has an average rating of "Moderate Buy" and an average price target of $280.89.

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.