Marriott International, Inc. $MAR Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp reduced its stake in Marriott International by 5.7%, now holding 93,916 shares worth approximately $25.66 million.
• Marriott reported a quarterly earnings per share of $2.65, aligning with analysts' expectations, and the company has set a fiscal year 2025 EPS guidance of 9.850-10.080.
• The Board of Directors authorized a share buyback program allowing the repurchase of 25 million shares, indicating confidence in the company's stock valuation.

Fifth Third Bancorp trimmed its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,916 shares of the company's stock after selling 5,677 shares during the quarter. Fifth Third Bancorp's holdings in Marriott International were worth $25,659,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Morse Asset Management Inc purchased a new position in shares of Marriott International in the 1st quarter valued at about $30,000. Heck Capital Advisors LLC purchased a new position in Marriott International in the fourth quarter valued at approximately $38,000. Sound Income Strategies LLC raised its holdings in Marriott International by 46.7% during the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after purchasing an additional 50 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in Marriott International during the 1st quarter worth $52,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MAR shares. BMO Capital Markets decreased their price objective on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Robert W. Baird raised their price target on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Truist Financial boosted 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $281.26.

Marriott International Trading Up 0.1%

NASDAQ:MAR opened at $262.14 on Thursday. The stock's 50 day simple moving average is $266.63 and its 200-day simple moving average is $257.33. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The firm has a market cap of $71.16 billion, a P/E ratio of 29.55, a PEG ratio of 2.58 and a beta of 1.38.

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

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be paid 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 is Thursday, August 21st. Marriott International's dividend payout ratio is 30.21%.

Marriott International declared that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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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