Korea Investment CORP Sells 2,533 Shares of Marriott International, Inc. $MAR

Key Points

• Korea Investment CORP has reduced its stake in Marriott International by 1.8%, selling 2,533 shares and now holding 135,419 shares valued at approximately $32.3 million.
• CEO Anthony Capuano sold 12,000 shares at an average price of $263.90, marking an 8.82% reduction in his ownership.
• Marriott International has announced a stock buyback plan to reacquire 25 million shares, indicating potential undervaluation, alongside a quarterly dividend of $0.67 per share.

Korea Investment CORP lessened its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,419 shares of the company's stock after selling 2,533 shares during the quarter. Korea Investment CORP's holdings in Marriott International were worth $32,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its stake in Marriott International by 11.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock valued at $3,202,000 after acquiring an additional 1,432 shares during the period. Financial Gravity Asset Management Inc. bought a new position in Marriott International in the 1st quarter worth about $2,244,000. Alpha Cubed Investments LLC purchased a new position in Marriott International in the 1st quarter worth approximately $974,000. Vista Investment Partners II LLC raised its position in Marriott International by 22.5% during the first quarter. Vista Investment Partners II LLC now owns 7,199 shares of the company's stock valued at $1,715,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in Marriott International by 5.0% in the 1st quarter. Crossmark Global Holdings Inc. now owns 27,087 shares of the company's stock worth $6,452,000 after buying an additional 1,301 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Anthony Capuano sold 12,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the transaction, the chief executive officer directly owned 124,067 shares in the company, valued at approximately $32,741,281.30. This represents a 8.82% 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. Also, insider Rajeev Menon sold 2,500 shares of the company's 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 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 position. The disclosure for this sale can be found here. Insiders own 10.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MAR. BMO Capital Markets dropped 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 research report on Wednesday, August 6th. Truist Financial cut their target price on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $226.00 to $303.00 in a report on Monday, May 12th. JPMorgan Chase & Co. started coverage on Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Finally, UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Two 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 MarketBeat, Marriott International currently has a consensus rating of "Moderate Buy" and an average target price of $280.89.

Marriott International Price Performance

MAR stock opened at $266.78 on Wednesday. The business has a fifty day moving average price of $268.99 and a 200-day moving average price of $260.36. The stock has a market capitalization of $72.42 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.62 and a beta of 1.44. 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 issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.Marriott International's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.50 earnings per share. 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, analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its board has authorized a stock buyback plan 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 plans are often an indication that the company's board believes its stock is undervalued.

Marriott International Dividend Announcement

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

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.

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