Invst LLC Trims Stock Position in Marriott International, Inc. $MAR

Key Points

• Invst LLC reduced its stake in Marriott International by 29.1%, selling 2,400 shares in the first quarter, leaving it with a total of 5,856 shares valued at approximately $1.395 million.
• Marriott reported a net margin of 9.60% and earnings per share of $2.65 for the last quarter, meeting estimates, with revenue increasing by 4.7% year-over-year.
• The company announced a quarterly dividend of $0.67 per share, reflecting an annual yield of 1.0%, alongside a share buyback plan allowing the repurchase of 25 million shares.

Invst LLC lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 29.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,856 shares of the company's stock after selling 2,400 shares during the quarter. Invst LLC's holdings in Marriott International were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Marriott International during the 4th quarter valued at about $25,000. Morse Asset Management Inc purchased a new stake in shares of Marriott International during the 1st quarter valued at about $30,000. Sound Income Strategies LLC increased its position in shares of Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after purchasing an additional 50 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Marriott International during the 4th quarter valued at about $38,000. Finally, Center for Financial Planning Inc. increased its position in shares of Marriott International by 468.6% during the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock valued at $47,000 after purchasing an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

Shares of MAR opened at $267.94 on Friday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The company has a 50 day simple moving average of $269.25 and a two-hundred day simple moving average of $257.88. The firm has a market cap of $72.73 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the firm posted $2.50 EPS. The company's revenue 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. On average, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

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

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

Analysts Set New Price Targets

MAR has been the subject of several analyst reports. Truist Financial increased their target price 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. initiated coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price for the company. BMO Capital Markets reduced 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 report on Wednesday, August 6th. UBS Group reduced their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Finally, Robert W. Baird increased their target price on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

Insider Activity at Marriott International

In other news, insider Rajeev Menon sold 2,500 shares of the 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 completion of the transaction, the insider directly owned 5,706 shares in the company, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.68% of the company's stock.

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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