IFP Advisors Inc Sells 1,223 Shares of Marriott International, Inc. $MAR

Key Points

• IFP Advisors Inc reduced its stake in Marriott International by 30.6%, selling 1,223 shares, leaving it with 2,772 shares valued at approximately $757,000.
• Marriott's recent quarterly earnings report indicated an EPS of $2.65, matching analysts' expectations, with revenue increasing 4.7% year-over-year to $6.74 billion.
• The company announced a quarterly dividend of $0.67 per share and authorized a stock buyback program for 25 million shares, signaling confidence in its stock valuation.

IFP Advisors Inc cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 30.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,772 shares of the company's stock after selling 1,223 shares during the period. IFP Advisors Inc's holdings in Marriott International were worth $757,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Callan Family Office LLC boosted its holdings in Marriott International by 419.3% in the second quarter. Callan Family Office LLC now owns 12,593 shares of the company's stock worth $3,441,000 after purchasing an additional 10,168 shares in the last quarter. Blair William & Co. IL boosted its holdings in Marriott International by 5.2% in the second quarter. Blair William & Co. IL now owns 34,442 shares of the company's stock worth $9,410,000 after purchasing an additional 1,711 shares in the last quarter. US Bancorp DE lifted its position in Marriott International by 2.9% during the 2nd quarter. US Bancorp DE now owns 93,766 shares of the company's stock worth $25,618,000 after acquiring an additional 2,655 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new position in Marriott International during the 2nd quarter worth $3,546,000. Finally, Trifecta Capital Advisors LLC lifted its position in Marriott International by 22,466.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 2,031 shares of the company's stock worth $555,000 after acquiring an additional 2,022 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Up 1.2%

NASDAQ:MAR opened at $263.26 on Tuesday. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The firm has a market capitalization of $71.46 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.35. The firm has a 50-day moving average price of $265.30 and a 200 day moving average price of $259.40.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $6.66 billion. During the same quarter in the prior year, the business posted $2.50 earnings per share. The company'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. On average, research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

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

Marriott International announced that its Board of Directors has authorized a stock buyback program on Thursday, August 7th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. BMO Capital Markets cut their target price 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. Robert W. Baird boosted their target price on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. started coverage on shares of Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price objective for the company. Finally, Barclays cut their price objective on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of "Moderate Buy" and an average price target of $282.63.

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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