HB Wealth Management LLC Sells 2,589 Shares of Marriott International, Inc. $MAR

Key Points

• HB Wealth Management LLC sold 2,589 shares of Marriott International, reducing its holdings by 21.6% and owning 9,380 shares worth approximately $2.56 million.
• Marriott International's latest quarterly earnings reflected a strong performance, with $6.74 billion in revenue and $2.65 EPS, meeting analysts' expectations and showing a year-over-year revenue increase of 4.7%.
• The company has approved a stock repurchase program to buy back up to 25 million outstanding shares, signaling confidence in its stock valuation.

HB Wealth Management LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 21.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,380 shares of the company's stock after selling 2,589 shares during the period. HB Wealth Management LLC's holdings in Marriott International were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC grew its stake in shares of Marriott International by 0.4% during the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock worth $2,363,000 after purchasing an additional 37 shares during the period. CreativeOne Wealth LLC grew its stake in Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock valued at $436,000 after acquiring an additional 38 shares during the period. Motley Fool Asset Management LLC grew its stake in Marriott International by 0.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock valued at $3,055,000 after acquiring an additional 39 shares during the period. Geneos Wealth Management Inc. grew its stake in Marriott International by 1.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company's stock valued at $569,000 after acquiring an additional 40 shares during the period. Finally, 4J Wealth Management LLC grew its stake in Marriott International by 3.6% in the 1st quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock valued at $292,000 after acquiring an additional 43 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of MAR stock opened at $261.66 on Thursday. The stock's fifty day moving average is $265.67 and its two-hundred day moving average is $257.92. The firm has a market capitalization of $71.03 billion, a P/E ratio of 29.50, a PEG ratio of 2.57 and a beta of 1.35. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share 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 company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $2.50 EPS. The firm's revenue for the quarter 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. On average, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its board has approved a stock repurchase program on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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 dividend of $0.67 per share. 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 payout ratio is currently 30.21%.

Analyst Upgrades and Downgrades

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

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.

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