Marriott International, Inc. $MAR Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in Marriott International by 21.8%, ending the first quarter with a position valued at $953,000.
• Marriott International recently announced a quarterly dividend of $0.67 per share, with a yield of 1.0%, and has authorized a stock buyback program allowing it to repurchase 25 million shares.
• Analysts have varying ratings on Marriott International's stock, with a current average rating of "Moderate Buy" and a consensus target price of $281.00.

Jump Financial LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 21.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,000 shares of the company's stock after selling 1,112 shares during the quarter. Jump Financial LLC's holdings in Marriott International were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Marriott International by 3.9% during the first quarter. Ameriprise Financial Inc. now owns 239,480 shares of the company's stock worth $57,044,000 after purchasing an additional 8,973 shares during the period. Bragg Financial Advisors Inc lifted its holdings in shares of Marriott International by 42.6% during the first quarter. Bragg Financial Advisors Inc now owns 2,867 shares of the company's stock worth $683,000 after purchasing an additional 857 shares during the period. Norinchukin Bank The raised its position in Marriott International by 49.8% during the first quarter. Norinchukin Bank The now owns 17,321 shares of the company's stock valued at $4,126,000 after acquiring an additional 5,762 shares in the last quarter. CW Advisors LLC raised its position in Marriott International by 16.0% during the first quarter. CW Advisors LLC now owns 6,558 shares of the company's stock valued at $1,563,000 after acquiring an additional 906 shares in the last quarter. Finally, Summit Financial LLC raised its position in Marriott International by 6.3% during the first quarter. Summit Financial LLC now owns 6,129 shares of the company's stock valued at $1,460,000 after acquiring an additional 364 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MAR. 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 report on Wednesday, August 20th. Mizuho reduced their price target on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Truist Financial reduced their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. started coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target for the company. Finally, BMO Capital Markets cut their price objective on 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. 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.com, Marriott International has a consensus rating of "Moderate Buy" and a consensus target price of $281.00.

Marriott International Stock Performance

Shares of MAR traded down $3.38 during trading hours on Tuesday, hitting $264.48. 1,422,983 shares of the stock were exchanged, compared to its average volume of 1,673,471. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The company has a market cap of $71.80 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 2.64 and a beta of 1.38. The stock's 50-day moving average price is $270.47 and its two-hundred day moving average price is $258.52.

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. 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 analysts' expectations of $6.66 billion. During the same period in the previous year, the business earned $2.50 earnings per share. The firm'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. On average, research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

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 paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International's payout ratio is 30.21%.

Marriott International declared that its board has authorized a share buyback program on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction 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 transaction, the insider owned 5,706 shares of the company's stock, 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. Company insiders own 10.68% of the company's stock.

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.