Marriott International, Inc. (NASDAQ:MAR) Shares Sold by White Lighthouse Investment Management Inc.

Key Points

• White Lighthouse Investment Management Inc. reduced its stake in Marriott International by 29.6%, now holding 3,335 shares valued at approximately $794,000.
• Marriott International's recent quarterly earnings reported an EPS of $2.65, meeting analysts’ expectations, with revenues of $6.74 billion.
• The company announced a quarterly dividend of $0.67 per share, with an annualized yield of 1.0%, alongside a share buyback program authorizing the repurchase of 25 million shares.

White Lighthouse Investment Management Inc. decreased its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,335 shares of the company's stock after selling 1,400 shares during the quarter. White Lighthouse Investment Management Inc.'s holdings in Marriott International were worth $794,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in Marriott International during the 4th quarter worth approximately $25,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Marriott International during the 4th quarter valued at $34,000. Morse Asset Management Inc acquired a new stake in shares of Marriott International during the 1st quarter valued at $30,000. Heck Capital Advisors LLC acquired a new stake in shares of Marriott International during the 4th quarter valued at $38,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Marriott International by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MAR. UBS Group decreased their target price on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Truist Financial decreased their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research note on Friday, May 30th. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and lifted their price objective for the company from $226.00 to $303.00 in a research note on Monday, May 12th. Mizuho reduced their price objective on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Morgan Stanley reduced their price objective on shares of Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $280.89.

Marriott International Stock Performance

Shares of Marriott International stock opened at $259.92 on Friday. The firm has a fifty day moving average of $268.78 and a two-hundred day moving average of $261.48. The stock has a market capitalization of $70.56 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.48 and a beta of 1.44. 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, meeting analysts' consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be given a $0.67 dividend. The ex-dividend date 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 is currently 30.21%.

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

Insider Activity at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the transaction, the chief executive officer directly owned 124,067 shares of the company's stock, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $4,107,710 in the last quarter. Corporate insiders own 10.68% of the company's stock.

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.

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