Marriott International, Inc. $MAR Shares Sold by GKV Capital Management Co. Inc.

Key Points

• GKV Capital Management Co. Inc. reduced its stake in Marriott International by 27.8%, selling 3,680 shares, leaving them with 9,550 shares valued at approximately $2.27 million.
• Marriott International announced a quarterly dividend of $0.67 per share, reflecting an annualized payout of $2.68 and a dividend yield of 1.0%.
• Analysts have mixed ratings for Marriott, with a consensus target price of $281.00 and a majority rating of Moderate Buy.

GKV Capital Management Co. Inc. lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 27.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,550 shares of the company's stock after selling 3,680 shares during the quarter. GKV Capital Management Co. Inc.'s holdings in Marriott International were worth $2,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC increased its position in Marriott International by 2.1% during the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock worth $436,000 after purchasing an additional 38 shares in the last quarter. Rafferty Asset Management LLC increased its position in Marriott International by 4.3% during the 1st quarter. Rafferty Asset Management LLC now owns 70,713 shares of the company's stock worth $16,844,000 after purchasing an additional 2,910 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Marriott International during the 1st quarter worth about $6,852,000. Bank of Hawaii increased its position in Marriott International by 5.0% during the 1st quarter. Bank of Hawaii now owns 1,731 shares of the company's stock worth $412,000 after purchasing an additional 82 shares in the last quarter. Finally, Apexium Financial LP increased its position in Marriott International by 3.8% during the 1st quarter. Apexium Financial LP now owns 1,734 shares of the company's stock worth $413,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird lifted their price objective on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and lifted their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. UBS Group lowered their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Finally, Mizuho lowered their price target on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $281.00.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $270.25 on Friday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The stock has a market capitalization of $73.36 billion, a P/E ratio of 30.47, a PEG ratio of 2.65 and a beta of 1.44. The stock has a 50-day simple moving average of $270.24 and a 200-day simple moving average of $259.19.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting 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 analysts' expectations of $6.66 billion. During the same quarter in the previous year, the business earned $2.50 EPS. The company's revenue for the quarter 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. Analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.67 per share. The ex-dividend date is 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 presently 30.21%.

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

Insider Activity

In other news, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider owned 5,706 shares in the company, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.68% of the company's stock.

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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