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

Key Points

• QRG Capital Management Inc. has reduced its holdings in Marriott International by 24.0%, now owning 24,442 shares worth approximately $6.68 million.
• Marriott International reported $6.74 billion in revenue for the latest quarter, slightly exceeding analyst expectations, and maintained a $2.65 EPS, aligning with consensus estimates.
• The company has initiated a share repurchase plan allowing it to buy back 25 million shares, indicating management believes the stock is undervalued.

QRG Capital Management Inc. cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,442 shares of the company's stock after selling 7,721 shares during the period. QRG Capital Management Inc.'s holdings in Marriott International were worth $6,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in shares of Marriott International in the 1st quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its position in shares of Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after acquiring an additional 50 shares in the last quarter. Center for Financial Planning Inc. lifted its position 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 acquiring an additional 164 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Marriott International in the 1st quarter valued at approximately $52,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Marriott International in the 1st quarter valued at approximately $57,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Up 0.4%

Shares of MAR opened at $267.57 on Monday. The company's fifty day moving average is $265.31 and its 200-day moving average is $258.40. 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 $72.63 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.64 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last announced 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 net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the business posted $2.50 EPS. Marriott International'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, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

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

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were paid a $0.67 dividend. 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 dividend payout ratio (DPR) is presently 30.21%.

Wall Street Analysts Forecast Growth

MAR has been the subject of several research analyst reports. BMO Capital Markets reduced their price target on shares of 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. Robert W. Baird upped their price objective on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Marriott International in a research note on Saturday, September 27th. Finally, Truist Financial upped their price objective on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Two equities 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.63.

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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