Marriott International, Inc. $MAR Shares Purchased by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its holdings in Marriott International by 1.8%, owning 81,515 shares worth approximately $22.5 million.
• Marriott reported a quarterly EPS of $2.65, meeting analysts' expectations, and had revenue growth of 4.7% year-over-year, totaling $6.74 billion.
• The company has initiated a stock buyback program allowing the repurchase of 25 million shares, signaling that its board believes the stock is undervalued.

DekaBank Deutsche Girozentrale increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,515 shares of the company's stock after purchasing an additional 1,416 shares during the period. DekaBank Deutsche Girozentrale's holdings in Marriott International were worth $22,487,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAR. Alliancebernstein L.P. lifted its stake in shares of Marriott International by 194.7% in the 1st quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company's stock worth $407,242,000 after acquiring an additional 1,129,555 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Marriott International in the 2nd quarter worth $266,084,000. Wellington Management Group LLP lifted its stake in shares of Marriott International by 16.4% in the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after acquiring an additional 766,309 shares during the period. Nuveen LLC acquired a new stake in shares of Marriott International in the 1st quarter worth $166,059,000. Finally, Invesco Ltd. lifted its stake in shares of Marriott International by 18.9% in the 1st quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock worth $982,298,000 after acquiring an additional 654,766 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $272.07 on Thursday. The company has a market cap of $73.86 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.64 and a beta of 1.35. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The company has a 50-day simple moving average of $265.67 and a 200-day simple moving average of $260.62.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting analysts' consensus estimates of $2.65. The business 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 quarterly revenue was up 4.7% compared to the same quarter last year. 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 year.

Marriott International announced that its board has initiated a stock buyback program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.67 per share. 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 payout ratio is 30.21%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Marriott International from $302.00 to $296.00 and set an "overweight" rating for the company in a research note on Wednesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. BMO Capital Markets cut their price target on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Robert W. Baird cut their price target on shares of Marriott International from $287.00 to $285.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Truist Financial increased their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Marriott International has an average rating of "Moderate Buy" and a consensus target price of $283.17.

Marriott International Company 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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