Marriott International, Inc. $MAR Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC has reduced its stake in Marriott International by 38.2%, now holding 10,529 shares worth about $2.5 million after selling 6,515 shares in the first quarter.
• Marriott reported quarterly earnings of $2.65 per share, matching analyst expectations, with a 4.7% increase in revenue year-over-year to $6.74 billion.
• The company has approved a stock repurchase program authorizing the buyback of 25 million shares, indicating management's belief that the stock is currently undervalued.

Ieq Capital LLC lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 38.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,529 shares of the company's stock after selling 6,515 shares during the quarter. Ieq Capital LLC's holdings in Marriott International were worth $2,508,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after purchasing an additional 218 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Marriott International by 9.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 51,195 shares of the company's stock valued at $13,611,000 after purchasing an additional 4,514 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Marriott International by 13.1% during the 4th quarter. Aptus Capital Advisors LLC now owns 77,479 shares of the company's stock valued at $21,612,000 after purchasing an additional 8,975 shares in the last quarter. BIP Wealth LLC boosted its holdings in shares of Marriott International by 3.8% in the 4th quarter. BIP Wealth LLC now owns 2,832 shares of the company's stock valued at $790,000 after acquiring an additional 104 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Marriott International by 1.0% in the 4th quarter. Benjamin Edwards Inc. now owns 5,540 shares of the company's stock valued at $1,546,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider directly owned 5,706 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 10.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MAR has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Mizuho lowered 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. UBS Group lowered their price target on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. BMO Capital Markets lowered 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 report on Wednesday, August 6th. Finally, Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and increased their price target for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Two 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $281.00.

Marriott International Stock Performance

Shares of NASDAQ MAR traded down $3.38 during mid-day trading on Tuesday, reaching $264.48. The company's stock had a trading volume of 1,422,983 shares, compared to its average volume of 1,190,844. The stock has a 50-day moving average of $270.39 and a two-hundred day moving average of $258.56. The stock has a market capitalization of $71.80 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.64 and a beta of 1.38. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period last year, the business earned $2.50 earnings per share. Marriott International's 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. Analysts predict that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Marriott International Announces Dividend

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 given a dividend of $0.67 per share. The ex-dividend date is Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International's dividend payout ratio (DPR) is currently 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.