Ilmarinen Mutual Pension Insurance Co Purchases New Shares in Marriott International, Inc. $MAR

Key Points

• Ilmarinen Mutual Pension Insurance Co has acquired a new stake in Marriott International, purchasing 37,000 shares valued at approximately $8.8 million during the first quarter.
• Marriott International has announced a stock buyback program allowing the repurchase of 25 million outstanding shares, which typically indicates management believes the stock is undervalued.
• The company's quarterly dividend of $0.67 per share, representing a 1.0% dividend yield, will be paid to shareholders on September 30th, with a payout ratio of 30.21%.

Ilmarinen Mutual Pension Insurance Co purchased a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 37,000 shares of the company's stock, valued at approximately $8,813,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MAR. Brighton Jones LLC boosted its position in shares of Marriott International by 2.5% in 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 during the period. Moore Capital Management LP acquired a new stake in Marriott International during the 4th quarter worth about $2,315,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Marriott International by 1.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,790 shares of the company's stock worth $59,077,000 after acquiring an additional 3,485 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in Marriott International during the 4th quarter worth about $52,000. Finally, Obsidian Personal Planning Solutions LLC boosted its position in Marriott International by 2.2% during the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock worth $587,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

In other news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.68% of the company's stock.

Wall Street Analyst Weigh In

MAR has been the subject of a number of research reports. JPMorgan Chase & Co. assumed coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price objective for the company. Robert W. Baird raised their price target on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. UBS Group cut their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. BMO Capital Markets cut their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Finally, Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Two research 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $281.26.

Marriott International Stock Down 1.5%

Shares of NASDAQ MAR opened at $264.00 on Wednesday. The business's 50 day moving average is $269.79 and its two-hundred day moving average is $257.91. The company has a market cap of $71.67 billion, a P/E ratio of 29.76, a P/E/G ratio of 2.64 and a beta of 1.38. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate 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 negative return on equity of 93.44% and a net margin of 9.60%.The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $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. Sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

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 buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be 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 of this dividend is Thursday, August 21st. Marriott International's dividend payout ratio (DPR) is presently 30.21%.

Marriott International 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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