Marriott International, Inc. $MAR Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC has reduced its holdings in Marriott International by 19.6%, selling 9,363 shares and retaining 38,309 shares valued at approximately $9.13 million.
• Marriott International recently announced a quarterly dividend of $0.67 per share, representing an annual yield of 1.0%, as well as a share repurchase program that allows for up to 25 million shares to be bought back.
• Analysts have mixed views on Marriott's stock, with two giving it a "Strong Buy," seven a "Buy," and twelve a "Hold," while the average target price is set at $281.00.

Vident Advisory LLC trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 19.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 38,309 shares of the company's stock after selling 9,363 shares during the quarter. Vident Advisory LLC's holdings in Marriott International were worth $9,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bernard Wealth Management Corp. purchased a new stake in Marriott International in the 4th quarter worth approximately $25,000. Kapitalo Investimentos Ltda purchased a new position in shares of Marriott International in the fourth quarter valued at $34,000. Morse Asset Management Inc purchased a new position in shares of Marriott International in the first quarter valued at $30,000. Heck Capital Advisors LLC purchased a new position in shares of Marriott International in the fourth quarter valued at $38,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

NASDAQ MAR traded down $3.38 during trading hours on Tuesday, reaching $264.48. The stock had a trading volume of 1,422,983 shares, compared to its average volume of 1,673,471. The stock has a fifty day moving average of $270.47 and a 200 day moving average of $258.52. The stock has a market cap of $71.80 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.64 and a beta of 1.38. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released 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 business 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 firm posted $2.50 EPS. The business'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. On average, equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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

Marriott International declared that its Board of Directors has approved a share repurchase plan 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 plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MAR. UBS Group lowered their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Mizuho lowered their target price on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $226.00 to $303.00 in a research report on Monday, May 12th. Truist Financial decreased their target price 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. Finally, JPMorgan Chase & Co. assumed coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $281.00.

Insider Activity

In other news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 5,706 shares in the company, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.68% of the stock is owned by company insiders.

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.