Marriott International, Inc. $MAR Shares Sold by MinichMacGregor Wealth Management LLC

Key Points

• MinichMacGregor Wealth Management LLC has reduced its stake in Marriott International by 6.8%, now holding 18,320 shares worth approximately $5 million.
• Marriott's quarterly earnings report showed an EPS of $2.65, matching analysts' expectations, with a revenue of $6.74 billion for the quarter, reflecting a 4.7% year-over-year increase.
• The company recently approved a stock repurchase plan to buy back 25 million shares, indicating the board's belief that the stock is undervalued.

MinichMacGregor Wealth Management LLC trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,320 shares of the company's stock after selling 1,345 shares during the period. MinichMacGregor Wealth Management LLC's holdings in Marriott International were worth $5,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pallas Capital Advisors LLC grew its holdings in Marriott International by 0.4% during the second quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock worth $2,363,000 after acquiring an additional 37 shares during the period. CreativeOne Wealth LLC boosted its position in Marriott International by 2.1% during the first 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. Motley Fool Asset Management LLC boosted its position in Marriott International by 0.3% during the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after purchasing an additional 39 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Marriott International by 1.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company's stock worth $569,000 after purchasing an additional 40 shares in the last quarter. Finally, 4J Wealth Management LLC boosted its position in Marriott International by 3.6% during the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock worth $292,000 after purchasing an additional 43 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

NASDAQ MAR opened at $264.21 on Friday. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The company has a market cap of $71.72 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.57 and a beta of 1.38. The stock's 50 day simple moving average is $266.25 and its 200-day simple moving average is $257.48.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter last year, the firm earned $2.50 earnings per share. The business'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. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

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

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets lowered their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Robert W. Baird increased their price target on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Truist Financial raised their target price on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. initiated coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

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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