Marriott International, Inc. $MAR Shares Sold by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its holdings in Marriott International by 4.7%, now owning 25,564 shares worth approximately $6.98 million.
• Marriott International reported a quarterly revenue of $6.74 billion with an EPS of $2.65, meeting analyst expectations and showing a 4.7% year-over-year revenue increase.
• The company announced a stock buyback program to repurchase up to 25 million shares, indicating management's belief that the stock is undervalued.

State of Alaska Department of Revenue decreased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,564 shares of the company's stock after selling 1,250 shares during the quarter. State of Alaska Department of Revenue's holdings in Marriott International were worth $6,984,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV lifted its position in Marriott International by 9.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company's stock worth $15,005,000 after acquiring an additional 5,482 shares during the period. Permanens Capital L.P. lifted its position in Marriott International by 15.6% during the 1st quarter. Permanens Capital L.P. now owns 15,396 shares of the company's stock worth $3,667,000 after acquiring an additional 2,076 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Marriott International by 3.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company's stock worth $52,389,000 after acquiring an additional 8,149 shares during the period. Swedbank AB lifted its position in Marriott International by 1.3% during the 1st quarter. Swedbank AB now owns 68,429 shares of the company's stock worth $16,300,000 after acquiring an additional 881 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in Marriott International by 11.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company's stock worth $3,202,000 after acquiring an additional 1,432 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Trading Up 1.3%

NASDAQ:MAR opened at $264.21 on Monday. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The stock has a 50 day moving average of $266.25 and a two-hundred day moving average of $257.71. The firm has a market cap of $71.72 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the business earned $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. On average, research analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has approved a stock buyback program on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

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. This represents a $2.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 21st. Marriott International's payout ratio is 30.21%.

Analysts Set New Price Targets

MAR has been the subject of several analyst reports. BMO Capital Markets decreased their price objective on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective for the company. Truist Financial lifted their price target on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Finally, Robert W. Baird lifted their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.