Marriott International, Inc. $MAR Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Marriott International by 76.3%, now holding 1,823 shares valued at approximately $498,000.
• Several institutional investors have increased their positions in Marriott, with Alliancebernstein L.P. lifting its stake by 194.7% and acquiring over 1.1 million additional shares.
• Marriott International recently reported earnings of $2.65 per share, meeting consensus estimates, and has announced a share buyback plan authorizing the repurchase of 25 million shares.

Atria Wealth Solutions Inc. reduced its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 76.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823 shares of the company's stock after selling 5,876 shares during the period. Atria Wealth Solutions Inc.'s holdings in Marriott International were worth $498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings 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 valued at $407,242,000 after purchasing an additional 1,129,555 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Marriott International during the 2nd quarter worth approximately $266,084,000. Wellington Management Group LLP lifted its position in Marriott International by 16.4% during 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 in the last quarter. Nuveen LLC acquired a new position in Marriott International during the 1st quarter worth approximately $166,059,000. Finally, Invesco Ltd. lifted its position in Marriott International by 18.9% during 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 in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MAR shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Marriott International in a research report on Wednesday, October 8th. BMO Capital Markets dropped 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. Truist Financial lifted their price objective on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Barclays dropped 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. Finally, JPMorgan Chase & Co. began 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. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.63.

Marriott International Trading Up 0.7%

Shares of NASDAQ MAR opened at $260.85 on Monday. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The company has a market capitalization of $70.81 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 2.57 and a beta of 1.35. The business has a 50 day simple moving average of $265.52 and a 200-day simple moving average of $260.17.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting analysts' consensus estimates of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the business earned $2.50 EPS. The business's quarterly revenue was up 4.7% on a year-over-year basis. 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 predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its board has initiated a share buyback plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

The business 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. The ex-dividend date was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International's payout ratio is currently 30.21%.

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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