Marriott International, Inc. $MAR Holdings Decreased by White Lighthouse Investment Management Inc.

Key Points

• White Lighthouse Investment Management Inc. reduced its holdings in Marriott International by 30% during the second quarter, now owning 2,335 shares valued at approximately $638,000.
• Marriott International reported earnings of $2.65 per share, meeting analysts' expectations, with revenue of $6.74 billion for the quarter.
• The company has announced a quarterly dividend of $0.67 and initiated a stock buyback plan that allows for the repurchase of 25 million shares.

White Lighthouse Investment Management Inc. cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 30.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,335 shares of the company's stock after selling 1,000 shares during the quarter. White Lighthouse Investment Management Inc.'s holdings in Marriott International were worth $638,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Family Capital Management Inc. purchased a new stake in Marriott International in the 2nd quarter worth approximately $354,000. Cullen Frost Bankers Inc. raised its stake in shares of Marriott International by 4.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 48,750 shares of the company's stock worth $13,319,000 after purchasing an additional 2,199 shares in the last quarter. Phoenix Financial Ltd. acquired a new position in Marriott International in the second quarter worth approximately $755,000. DekaBank Deutsche Girozentrale lifted its stake in Marriott International by 1.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 81,515 shares of the company's stock valued at $22,487,000 after acquiring an additional 1,416 shares during the last quarter. Finally, Canvas Wealth Advisors LLC acquired a new position in Marriott International during the second quarter worth $206,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $274.75 on Wednesday. The business has a fifty day moving average of $265.63 and a 200-day moving average of $260.54. The firm has a market cap of $74.58 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.35. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting analysts' consensus estimates of $2.65. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company'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 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. On average, analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were given a $0.67 dividend. The ex-dividend date was 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 declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 7th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

MAR has been the subject of several analyst reports. Robert W. Baird lowered their price target on Marriott International from $287.00 to $285.00 and set a "neutral" rating on the stock in a report on Tuesday. Truist Financial lifted their price target on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. BMO Capital Markets lowered their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Finally, Barclays dropped their price objective on Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a research note on Friday, October 3rd. Two research 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $281.56.

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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