Marriott International, Inc. $MAR Position Reduced by New York State Teachers Retirement System

Key Points

• New York State Teachers Retirement System reduced its stake in Marriott International by 2.5%, owning approximately 0.07% of the company, valued at about $49.8 million after the sale.
• Truist Financial raised its price target for Marriott shares from $273.00 to $278.00, while several other analysts have provided mixed ratings with a current consensus of Moderate Buy at an average price target of $282.63.
• Marriott announced a quarterly dividend of $0.67 per share, reflecting an annualized yield of 1.0%, and has also authorized a share buyback program for 25 million shares.

New York State Teachers Retirement System trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,402 shares of the company's stock after selling 4,638 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Marriott International worth $49,834,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Rosenberg Matthew Hamilton lifted its position in shares of Marriott International by 4.5% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,598 shares of the company's stock worth $437,000 after buying an additional 69 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of Marriott International by 4.5% in the 2nd quarter. Mutual Advisors LLC now owns 1,048 shares of the company's stock worth $292,000 after buying an additional 45 shares during the last quarter. Generali Asset Management SPA SGR lifted its position in shares of Marriott International by 1.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 10,579 shares of the company's stock worth $2,890,000 after buying an additional 124 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Marriott International in the 2nd quarter worth about $13,228,000. Finally, Sagespring Wealth Partners LLC lifted its position in shares of Marriott International by 23.8% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,709 shares of the company's stock worth $1,013,000 after buying an additional 712 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MAR shares. Truist Financial raised their price target 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. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective on the stock. BMO Capital Markets dropped their price objective on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Barclays dropped their price objective on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating on the stock in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $282.63.

Marriott International Trading Down 2.7%

Marriott International stock opened at $259.04 on Friday. The stock has a market cap of $70.32 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.62 and a beta of 1.35. The company's 50-day moving average price is $265.50 and its two-hundred day moving average price is $259.65. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the previous year, the company posted $2.50 EPS. The business's revenue was up 4.7% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were 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 was Thursday, August 21st. Marriott International's dividend payout ratio (DPR) is presently 30.21%.

Marriott International announced that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

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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