MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 8,149 Shares of Marriott International, Inc. $MAR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Marriott International by 3.8% in the first quarter, now owning approximately 0.08% of the company worth $52.39 million after acquiring an additional 8,149 shares.
• Several institutional investors, including Vanguard, Wellington Management, and Invesco, have also boosted their positions in Marriott International, contributing to 70.70% of the company's stock being held by institutional investors.
• Marriott International recently initiated a stock repurchase program allowing for the buyback of 25 million shares, signaling that the board believes its shares are undervalued.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,939 shares of the company's stock after buying an additional 8,149 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Marriott International worth $52,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in shares of Marriott International in the 4th quarter valued at about $25,000. Morse Asset Management Inc purchased a new stake in shares of Marriott International in the 1st quarter valued at about $30,000. Sound Income Strategies LLC lifted its holdings in shares of Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after purchasing an additional 50 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Marriott International in the 4th quarter valued at about $38,000. Finally, Center for Financial Planning Inc. lifted 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 purchasing an additional 164 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAR. Dbs Bank upgraded Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. Robert W. Baird boosted their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. BMO Capital Markets lowered their target price on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and increased their price target for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.26.

Insiders Place Their Bets

In related news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the sale, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This represents a 30.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.68% of the stock is currently owned by company insiders.

Marriott International Trading Down 1.5%

Shares of NASDAQ:MAR traded down $4.07 during trading on Tuesday, hitting $264.00. 1,253,046 shares of the stock were exchanged, compared to its average volume of 1,078,922. The company has a fifty day moving average price of $270.07 and a two-hundred day moving average price of $257.87. The company has a market cap of $71.67 billion, a PE ratio of 29.76, a P/E/G ratio of 2.64 and a beta of 1.38. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.50 EPS. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.0%. Marriott International's dividend payout ratio (DPR) is presently 30.21%.

Marriott International announced that its Board of Directors has authorized a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

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.