973,918 Shares in Marriott International, Inc. $MAR Bought by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC acquired a new stake in Marriott International, purchasing approximately 973,918 shares for about $266 million, representing 0.36% ownership of the company.
• Marriott International announced a new stock repurchase plan allowing for the buyback of 25 million shares, typically indicating that the board believes the stock is undervalued.
• The company declared a quarterly dividend of $0.67 per share, scheduled for payment on September 30th, resulting in an annualized yield of 1.0%.

Kingstone Capital Partners Texas LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 973,918 shares of the company's stock, valued at approximately $266,084,000. Kingstone Capital Partners Texas LLC owned about 0.36% of Marriott International at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pallas Capital Advisors LLC raised its holdings in shares of Marriott International by 0.4% during the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock valued at $2,363,000 after buying an additional 37 shares during the period. CreativeOne Wealth LLC raised its stake in shares of Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock valued at $436,000 after purchasing an additional 38 shares during the period. Motley Fool Asset Management LLC boosted its holdings in shares of Marriott International by 0.3% during the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after acquiring an additional 39 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Marriott International by 1.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company's stock worth $569,000 after buying an additional 40 shares in the last quarter. Finally, 4J Wealth Management LLC grew its stake in shares of Marriott International by 3.6% in the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock worth $292,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MAR shares. 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 research note on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on shares of Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price on the stock. Robert W. Baird upped their target price 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. Finally, BMO Capital Markets lowered their price target 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. Two equities 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.26.

Marriott International Stock Performance

Shares of MAR stock traded up $4.57 during midday trading on Friday, reaching $268.52. 2,771,002 shares of the company were exchanged, compared to its average volume of 1,188,929. The company's 50 day moving average price is $267.50 and its two-hundred day moving average price is $257.29. The company has a market cap of $72.89 billion, a P/E ratio of 30.27, a PEG ratio of 2.65 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. 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 year.

Marriott International Dividend Announcement

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

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

Insider Activity at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the firm's 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 owned 5,706 shares in the company, valued at $1,530,805.68. This trade represents a 30.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.68% of the stock is owned by company insiders.

Marriott International Company 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.