Marriott International, Inc. $MAR Stock Holdings Lessened by Hartline Investment Corp

Key Points

• Hartline Investment Corp reduced its holdings in Marriott International by 8.5% in Q2, now owning 30,126 shares valued at approximately $8.2 million.
• Several other institutional investors have also adjusted their positions, with 70.70% of Marriott's stock currently held by such investors.
• Marriott International's stock opened at $260.85, with a recent quarterly earnings report showing EPS of $2.65, matching consensus estimates.

Hartline Investment Corp reduced its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 8.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,126 shares of the company's stock after selling 2,814 shares during the quarter. Marriott International makes up 0.9% of Hartline Investment Corp's portfolio, making the stock its 26th biggest position. Hartline Investment Corp's holdings in Marriott International were worth $8,231,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Pallas Capital Advisors LLC lifted its position in shares of Marriott International by 0.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock worth $2,363,000 after buying an additional 37 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock worth $436,000 after acquiring an additional 38 shares during the period. Motley Fool Asset Management LLC increased its holdings in shares of Marriott International by 0.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after acquiring an additional 39 shares during the period. Valmark Advisers Inc. increased its holdings in shares of Marriott International by 1.6% in the 2nd quarter. Valmark Advisers Inc. now owns 2,462 shares of the company's stock worth $673,000 after acquiring an additional 39 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Marriott International by 1.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company's stock worth $569,000 after acquiring an additional 40 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. Robert W. Baird raised their target price on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research note on Monday, June 23rd. They set a "neutral" rating and a $284.00 target price on the stock. Barclays lowered 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 research note on Friday, October 3rd. Finally, Truist Financial raised their target price on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and an average target price of $282.63.

Marriott International Price Performance

Marriott International stock opened at $260.85 on Friday. The firm's 50 day simple moving average is $265.52 and its 200-day simple moving average is $259.80. The company has a market cap of $70.81 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 2.55 and a beta of 1.35. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting the consensus estimate of $2.65. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $2.50 earnings per share. 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, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

Marriott International declared that its board has authorized a stock repurchase program on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors 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.

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