Nippon Life Global Investors Americas Inc. Has $9.45 Million Position in Marriott International, Inc. $MAR

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in Marriott International by 3.4%, holding 39,650 shares worth approximately $9.45 million at the end of the first quarter.
• Marriott recently reported earnings of $2.65 per share, meeting expectations, with revenue reaching $6.74 billion, highlighting a 4.7% year-over-year growth.
• The company announced a quarterly dividend of $0.67 per share and authorized a buyback plan for up to 25 million shares, indicating confidence in its stock value.

Nippon Life Global Investors Americas Inc. grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,650 shares of the company's stock after buying an additional 1,320 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in Marriott International were worth $9,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Alliancebernstein L.P. boosted its holdings in Marriott International by 194.7% during the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company's stock worth $407,242,000 after buying an additional 1,129,555 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Marriott International by 16.4% during the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after buying an additional 766,309 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Marriott International by 23,923.3% during the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock worth $174,360,000 after buying an additional 728,942 shares during the last quarter. Nuveen LLC bought a new position in Marriott International during the first quarter worth about $166,059,000. Finally, Invesco Ltd. boosted its holdings in Marriott International by 18.9% during the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock worth $982,298,000 after buying an additional 654,766 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $226.00 to $303.00 in a report on Monday, May 12th. UBS Group cut their price objective on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Truist Financial lifted their price objective on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price objective on the stock. Finally, Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Two investment 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, Marriott International has an average rating of "Moderate Buy" and an average target price of $281.26.

Insider Buying and Selling at Marriott International

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 stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. 10.68% of the stock is owned by company insiders.

Marriott International Stock Performance

NASDAQ MAR traded down $4.15 during trading on Friday, hitting $264.70. The stock had a trading volume of 1,378,627 shares, compared to its average volume of 1,093,302. The company has a market capitalization of $71.86 billion, a PE ratio of 29.84, a P/E/G ratio of 2.61 and a beta of 1.38. The company's 50-day moving average price is $270.18 and its two-hundred day moving average price is $257.93. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. The firm had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, equities analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

Marriott International declared that its board has authorized a stock buyback program 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 programs are generally a sign that the company's leadership believes its shares are 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.