Marriott International, Inc. $MAR Shares Acquired by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. increased its holdings in Marriott International by 4.7%, owning 48,750 shares worth approximately $13.3 million, following the purchase of additional shares in the second quarter.
• Marriott International reported earnings of $2.65 EPS, matching analyst estimates, with a revenue of $6.74 billion for the quarter, reflecting a 4.7% year-over-year increase.
• The company has initiated a share repurchase program allowing the buyback of up to 25 million shares, indicating management's belief that the stock is undervalued.

Cullen Frost Bankers Inc. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,750 shares of the company's stock after purchasing an additional 2,199 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Marriott International were worth $13,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nissay Asset Management Corp Japan ADV lifted its position in shares of Marriott International by 9.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company's stock valued at $15,005,000 after buying an additional 5,482 shares in the last quarter. Permanens Capital L.P. lifted its position in shares of Marriott International by 15.6% during the 1st quarter. Permanens Capital L.P. now owns 15,396 shares of the company's stock valued at $3,667,000 after buying an additional 2,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Marriott International by 3.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company's stock valued at $52,389,000 after buying an additional 8,149 shares in the last quarter. Swedbank AB lifted its position in shares of Marriott International by 1.3% during the 1st quarter. Swedbank AB now owns 68,429 shares of the company's stock valued at $16,300,000 after buying an additional 881 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Marriott International by 11.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock valued at $3,202,000 after buying an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Stock Up 1.4%

NASDAQ MAR opened at $272.07 on Thursday. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The business's fifty day simple moving average is $265.67 and its 200-day simple moving average is $260.62. The firm has a market cap of $73.86 billion, a PE ratio of 30.67, a P/E/G ratio of 2.64 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. The business had revenue of $6.74 billion for 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%.The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 21st. Marriott International's dividend payout ratio (DPR) is presently 30.21%.

Marriott International announced that its Board of Directors has initiated a share repurchase 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. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAR. Truist Financial increased their target price on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Morgan Stanley decreased their price objective on Marriott International from $302.00 to $296.00 and set an "overweight" rating on the stock in a report on Wednesday. BMO Capital Markets decreased their price objective on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. Finally, Barclays decreased their price objective on 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 equities research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $283.17.

Marriott International 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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