InTrack Investment Management Inc lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 48.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,688 shares of the company's stock after selling 1,556 shares during the period. InTrack Investment Management Inc's holdings in Marriott International were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its holdings in Marriott International by 22,466.7% during the second quarter. Trifecta Capital Advisors LLC now owns 2,031 shares of the company's stock worth $555,000 after purchasing an additional 2,022 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Marriott International by 3.9% during the second quarter. Vontobel Holding Ltd. now owns 24,650 shares of the company's stock worth $6,735,000 after purchasing an additional 915 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in Marriott International by 3.2% during the second quarter. Maryland State Retirement & Pension System now owns 11,064 shares of the company's stock worth $3,023,000 after purchasing an additional 339 shares in the last quarter. Valmark Advisers Inc. raised its holdings in Marriott International by 1.6% during the second quarter. Valmark Advisers Inc. now owns 2,462 shares of the company's stock worth $673,000 after purchasing an additional 39 shares in the last quarter. Finally, REAP Financial Group LLC raised its holdings in Marriott International by 197.8% during the second quarter. REAP Financial Group LLC now owns 268 shares of the company's stock worth $73,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 70.70% of the company's stock.
Marriott International Trading Up 0.2%
Shares of NASDAQ MAR opened at $267.98 on Thursday. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52. The firm has a market capitalization of $72.75 billion, a PE ratio of 30.21, a PEG ratio of 2.64 and a beta of 1.35. The business has a 50-day moving average price of $265.07 and a two-hundred day moving average price of $258.77.
Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS 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 firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the company 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. Research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.
Marriott International declared that its board has approved a stock repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.
Marriott International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 21st. Marriott International's payout ratio is currently 30.21%.
Analyst Ratings Changes
Several equities research analysts recently commented on MAR shares. BMO Capital Markets dropped their target price on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a report on Wednesday. Truist Financial upped their price target 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. began coverage on Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. Finally, Robert W. Baird upped their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Two 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.63.
View Our Latest Stock Report on Marriott International
About Marriott International
(
Free Report)
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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