Index Fund Advisors Inc. Takes $666,000 Position in Marriott International, Inc. $MAR

Key Points

• Index Fund Advisors Inc. purchased a new position in Marriott International, acquiring 2,436 shares valued at approximately $666,000 in the second quarter.
• Analyst ratings for Marriott International show a consensus rating of "Moderate Buy" with an average price target of $282.63.
• The company also announced a quarterly dividend of $0.67 per share, representing an annualized yield of 1.0%, and launched a stock repurchase plan to buy back 25 million shares.

Index Fund Advisors Inc. bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,436 shares of the company's stock, valued at approximately $666,000.

Other institutional investors also recently bought and sold shares of the company. M3 Advisory Group LLC acquired a new stake in Marriott International during the 2nd quarter valued at approximately $221,000. Commonwealth Financial Services LLC purchased a new position in shares of Marriott International during the second quarter worth $468,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Marriott International by 38.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,767 shares of the company's stock valued at $8,684,000 after purchasing an additional 8,831 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Marriott International by 7.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 8,079 shares of the company's stock worth $2,207,000 after purchasing an additional 593 shares during the period. Finally, KFA Private Wealth Group LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at about $396,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAR has been the subject of a number of analyst reports. Barclays decreased their price target on Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a report on Friday, October 3rd. Truist Financial increased their price target on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective for the company. BMO Capital Markets dropped their target price 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. Finally, Robert W. Baird lifted their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $282.63.

Marriott International Price Performance

NASDAQ MAR opened at $260.20 on Monday. The stock's 50 day simple moving average is $265.21 and its 200-day simple moving average is $259.21. The company has a market cap of $70.63 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.35. 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 posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the company earned $2.50 EPS. The firm'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. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Marriott International announced that its board has approved a stock repurchase plan on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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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