Integrity Alliance LLC. Makes New Investment in Marriott International, Inc. $MAR

Key Points

• Integrity Alliance LLC has acquired a new position in Marriott International, purchasing 1,155 shares valued at approximately $275,000 during the 1st quarter.
• Several institutional investors have increased their holdings in Marriott International, with 70.70% of the stock now owned by hedge funds and other institutions.
• Marriott recently announced a quarterly dividend of $0.67 per share and initiated a share repurchase plan allowing for the buyback of 25 million shares, indicating the board's confidence in the stock's value.

Integrity Alliance LLC. acquired a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,155 shares of the company's stock, valued at approximately $275,000.

Other institutional investors have also modified their holdings of the company. Nissay Asset Management Corp Japan ADV increased its position in shares of Marriott International by 9.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company's stock worth $15,005,000 after acquiring an additional 5,482 shares during the period. Permanens Capital L.P. increased its position in shares of Marriott International by 15.6% during the first quarter. Permanens Capital L.P. now owns 15,396 shares of the company's stock worth $3,667,000 after acquiring an additional 2,076 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Marriott International by 3.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company's stock worth $52,389,000 after acquiring an additional 8,149 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Marriott International by 11.9% during the first quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock worth $3,202,000 after acquiring an additional 1,432 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Marriott International during the first quarter worth approximately $2,244,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MAR shares. 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 target price on the stock. Robert W. Baird lifted 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. UBS Group cut their price objective 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 cut their price objective 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, Truist Financial lifted their price objective on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.26.

Insider Activity at Marriott International

In other news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction on 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 approximately $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 10.68% of the company's stock.

Marriott International Trading Down 0.5%

NASDAQ MAR opened at $266.50 on Friday. The firm's fifty day simple moving average is $268.98 and its two-hundred day simple moving average is $257.63. 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 $72.34 billion, a P/E ratio of 30.05, a P/E/G ratio of 2.64 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last released 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 business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company earned $2.50 earnings per share. The business'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. As a group, sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Marriott International declared that its board has initiated a share repurchase plan on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

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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