Marriott International, Inc. $MAR Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 97.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,900 shares of the company's stock after selling 235,377 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Marriott International were worth $1,885,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MAR. Alliancebernstein L.P. grew its stake in shares of Marriott International by 194.7% during the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company's stock valued at $407,242,000 after acquiring an additional 1,129,555 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Marriott International in the second quarter worth about $266,084,000. Wellington Management Group LLP grew its stake in Marriott International by 16.4% in the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after purchasing an additional 766,309 shares in the last quarter. Nuveen LLC acquired a new position in Marriott International in the first quarter worth about $166,059,000. Finally, Invesco Ltd. grew its stake in Marriott International by 18.9% in the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock worth $982,298,000 after purchasing an additional 654,766 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAR has been the subject of a number of research reports. BMO Capital Markets decreased their price target on 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 lifted 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Marriott International in a report on Saturday, September 27th. Truist Financial raised their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Finally, Barclays cut their target price on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating on the stock in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Marriott International has an average rating of "Moderate Buy" and an average target price of $282.63.

Marriott International Trading Down 1.7%

MAR opened at $267.45 on Wednesday. The business's 50 day moving average is $265.11 and its 200-day moving average is $258.71. The stock has a market cap of $72.60 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.68 and a beta of 1.35. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its 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 firm 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 company earned $2.50 earnings per share. The firm's quarterly 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. As a group, analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its Board of Directors has approved a stock buyback program 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. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Marriott International Announces Dividend

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

About Marriott International

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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