2,041 Shares in Marriott International, Inc. $MAR Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,041 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC increased its holdings in shares of Marriott International by 0.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 44,337 shares of the company's stock worth $10,561,000 after buying an additional 364 shares in the last quarter. American Money Management LLC grew its position in Marriott International by 0.3% during the 1st quarter. American Money Management LLC now owns 23,049 shares of the company's stock worth $5,490,000 after acquiring an additional 63 shares during the last quarter. E Fund Management Co. Ltd. raised its position in Marriott International by 6.7% in the first quarter. E Fund Management Co. Ltd. now owns 15,374 shares of the company's stock valued at $3,662,000 after purchasing an additional 966 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Marriott International by 2.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,837 shares of the company's stock valued at $1,867,000 after purchasing an additional 184 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Marriott International during the first quarter worth about $278,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Activity at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This trade represents a 30.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total value of $3,166,800.00. Following the completion of the transaction, the chief executive officer owned 124,067 shares in the company, valued at approximately $32,741,281.30. This represents a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MAR has been the topic of several recent research reports. UBS Group cut their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 21st. Mizuho cut their price target on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. assumed coverage on Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Finally, Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and increased their price target for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Two analysts have rated the stock with a Strong Buy rating, seven 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 an average target price of $281.00.

Marriott International Stock Performance

Shares of Marriott International stock traded down $3.25 on Wednesday, reaching $263.53. 1,089,935 shares of the company's stock were exchanged, compared to its average volume of 1,467,277. The company has a market capitalization of $71.54 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.62 and a beta of 1.44. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The firm's 50-day moving average is $268.99 and its two-hundred day moving average is $260.36.

Marriott International (NASDAQ:MAR - Get Free Report) last released 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. The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. Marriott International's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 EPS. 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, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International's dividend payout ratio is 30.21%.

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.