GC Wealth Management RIA LLC Makes New $648,000 Investment in Marriott International, Inc. $MAR

Key Points

• GC Wealth Management RIA LLC has made a new investment of approximately $648,000 in Marriott International, acquiring 2,370 shares during the second quarter.
• Marriott International reported Q2 earnings of $2.65 per share, meeting analyst expectations, with revenue of $6.74 billion and a net margin of 9.60%.
• The company has initiated a share repurchase plan allowing it to buy back 25 million shares, signaling management's belief that the stock is undervalued.

GC Wealth Management RIA LLC bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,370 shares of the company's stock, valued at approximately $648,000.

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

Marriott International Trading Down 2.4%

NASDAQ:MAR opened at $260.44 on Wednesday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The firm has a 50 day moving average of $265.91 and a 200-day moving average of $257.90. The stock has a market capitalization of $70.70 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.63 and a beta of 1.38.

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 net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. Marriott International'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. As a group, analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

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

Marriott International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MAR shares. BMO Capital Markets lowered their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Robert W. Baird raised their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. started coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. Finally, Truist Financial raised their price target on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

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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