Marriott International, Inc. $MAR Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in Marriott International by 1%, holding 2,482,839 shares valued at $591.4 million, which reflects ongoing changes in institutional ownership.
• Marriott reported a quarterly earnings per share (EPS) of $2.65, matching analysts' expectations, with a revenue increase of 4.7% compared to the previous year.
• The company announced a stock buyback plan allowing the repurchase of up to 25 million shares, indicating management believes the stock may be undervalued.

Price T Rowe Associates Inc. MD reduced its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,482,839 shares of the company's stock after selling 24,305 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.91% of Marriott International worth $591,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MAR. Brighton Jones LLC grew its position in Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after acquiring an additional 218 shares during the period. MML Investors Services LLC grew its position in Marriott International by 3.9% during the fourth quarter. MML Investors Services LLC now owns 20,342 shares of the company's stock valued at $5,674,000 after acquiring an additional 772 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Marriott International by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 29,743 shares of the company's stock valued at $8,297,000 after acquiring an additional 1,073 shares during the period. Voya Investment Management LLC grew its position in Marriott International by 30.4% during the fourth quarter. Voya Investment Management LLC now owns 82,956 shares of the company's stock valued at $23,140,000 after acquiring an additional 19,332 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its position in Marriott International by 9.3% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 43,973 shares of the company's stock valued at $12,266,000 after acquiring an additional 3,750 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

NASDAQ:MAR opened at $273.82 on Friday. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52. The business's 50-day simple moving average is $269.30 and its 200 day simple moving average is $260.07. The stock has a market cap of $74.33 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.58 and a beta of 1.44.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting 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 business had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The company's revenue was up 4.7% compared to the same quarter last year. 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 predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 1.0%. Marriott International's dividend payout ratio is presently 30.21%.

Marriott International announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 7th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MAR shares. Truist Financial lowered their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Mizuho decreased their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and upped their target price for the stock from $226.00 to $303.00 in a research report on Monday, May 12th. BMO Capital Markets decreased their target price on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Finally, Robert W. Baird upped their target price on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday. 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. Based on data from MarketBeat, Marriott International presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.00.

Insider Activity at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the sale, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This represents a 30.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $263.90, for a total value of $3,166,800.00. Following the sale, the chief executive officer owned 124,067 shares in the company, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.68% of the company's stock.

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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