Abner Herrman & Brock LLC Increases Holdings in Marriott International, Inc. $MAR

Key Points

• Abner Herrman & Brock LLC increased its stake in Marriott International by 1.5%, purchasing an additional 1,047 shares, which brings its total to 71,319 shares valued at approximately $19.5 million.
• Wall Street analysts have given Marriott International a Moderate Buy average rating, with price targets ranging from $280.00 to $299.00.
• Marriott International recently declared a $0.67 quarterly dividend and announced a stock buyback plan to repurchase up to 25 million shares.

Abner Herrman & Brock LLC lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,319 shares of the company's stock after purchasing an additional 1,047 shares during the quarter. Marriott International accounts for 2.2% of Abner Herrman & Brock LLC's investment portfolio, making the stock its 22nd largest holding. Abner Herrman & Brock LLC's holdings in Marriott International were worth $19,485,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MAR. Bernard Wealth Management Corp. acquired a new position in shares of Marriott International during the fourth quarter worth approximately $25,000. Morse Asset Management Inc purchased a new stake in Marriott International in the 1st quarter valued at $30,000. Sound Income Strategies LLC raised its position in Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after buying an additional 50 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Marriott International in the 4th quarter valued at $38,000. Finally, Center for Financial Planning Inc. raised its position in Marriott International by 468.6% in the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock valued at $47,000 after buying an additional 164 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the transaction, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This trade represents a 30.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MAR. BMO Capital Markets lowered their price target on 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 Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target for the company. Truist Financial upped their price objective on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. UBS Group reduced their price objective on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Finally, Robert W. Baird upped their price objective on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Marriott International has a consensus rating of "Moderate Buy" and a consensus target price of $281.26.

Marriott International Trading Up 1.0%

Shares of MAR stock traded up $2.75 on Tuesday, hitting $267.89. 1,266,377 shares of the stock were exchanged, compared to its average volume of 1,127,100. The firm has a market capitalization of $72.72 billion, a PE ratio of 30.20, a P/E/G ratio of 2.61 and a beta of 1.38. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52. The firm's 50 day moving average is $268.47 and its two-hundred day moving average is $257.46.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting the consensus estimate 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 negative return on equity of 93.44% and a net margin of 9.60%.The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has authorized a stock repurchase plan on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Marriott International Announces Dividend

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

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.