Voya Investment Management LLC Cuts Holdings in Marriott International, Inc. $MAR

Key Points

• Voya Investment Management LLC reduced its holdings in Marriott International by 45.2%, selling 37,529 shares and now owning 45,427 shares worth approximately $10.82 million.
• Marriott International's quarterly dividend of $0.67 per share will be paid on September 30, offering an annual yield of 1.0%, with a dividend payout ratio of 30.21%.
• Research analysts maintain a consensus rating of "Moderate Buy" for Marriott International stocks, with a target price averaging around $281.26, reflecting varied ratings from several firms.

Voya Investment Management LLC decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 45.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,427 shares of the company's stock after selling 37,529 shares during the quarter. Voya Investment Management LLC's holdings in Marriott International were worth $10,821,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Marriott International during the 4th quarter worth about $25,000. Morse Asset Management Inc purchased a new stake in Marriott International during the 1st quarter worth about $30,000. Heck Capital Advisors LLC purchased a new stake in Marriott International during the 4th quarter worth about $38,000. Sound Income Strategies LLC increased its holdings in Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after purchasing an additional 50 shares during the period. Finally, Center for Financial Planning Inc. increased its holdings 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 during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MAR shares. Robert W. Baird increased their price objective on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Truist Financial increased their price objective on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective on the stock. 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, UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Moderate Buy" and an average target price of $281.26.

Insider Activity

In other news, insider Rajeev Menon sold 2,500 shares of the 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 completion of the transaction, the insider directly owned 5,706 shares of the company's stock, valued at approximately $1,530,805.68. This represents a 30.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.68% of the company's stock.

Marriott International Stock Performance

Marriott International stock traded down $5.84 during mid-day trading on Wednesday, reaching $262.05. 1,939,330 shares of the company were exchanged, compared to its average volume of 1,133,346. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The firm's 50-day simple moving average is $268.13 and its two-hundred day simple moving average is $257.50. The firm has a market cap of $71.14 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.64 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 earnings per share for the quarter, hitting analysts' consensus estimates 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 analysts' expectations of $6.66 billion. During the same period last year, the firm earned $2.50 EPS. The firm's revenue for the quarter 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, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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

Marriott International declared that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

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.