Logan Capital Management Inc. reduced its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,845 shares of the company's stock after selling 1,225 shares during the period. Logan Capital Management Inc.'s holdings in Marriott International were worth $9,967,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in Marriott International in the fourth quarter valued at approximately $25,000. Morse Asset Management Inc acquired a new stake in Marriott International in the first quarter worth $30,000. Sound Income Strategies LLC raised its holdings in Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after purchasing an additional 50 shares during the period. Heck Capital Advisors LLC acquired a new stake in Marriott International in the fourth quarter worth $38,000. Finally, Center for Financial Planning Inc. raised its holdings in Marriott International by 468.6% in the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock worth $47,000 after purchasing an additional 164 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $1,530,805.68. The trade was a 30.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.68% of the stock is owned by insiders.
Marriott International Stock Down 0.5%
Shares of NASDAQ:MAR traded down $1.44 during midday trading on Friday, hitting $266.50. The stock had a trading volume of 1,051,626 shares, compared to its average volume of 1,651,137. The company has a market capitalization of $72.34 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. The company's 50-day moving average price is $269.25 and its 200-day moving average price is $257.88. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week 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. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm's revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.50 EPS. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.
Marriott International announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
Marriott International Dividend Announcement
The firm also recently announced 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 payout ratio is presently 30.21%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on MAR shares. Truist Financial increased their price objective on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. 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 research report on Wednesday, August 20th. BMO Capital Markets decreased their price objective 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. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price for the company. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $281.26.
Check Out Our Latest Research Report on MAR
Marriott International Profile
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Free Report)
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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