Ninety One UK Ltd Acquires Shares of 2,134 Marriott International, Inc. $MAR

Key Points

• Ninety One UK Ltd has acquired a new position in Marriott International, purchasing 2,134 shares valued at approximately $583,000.
• Marriott International reported a quarterly revenue of $6.74 billion, surpassing analyst estimates, and set its FY 2025 guidance at 9.850-10.080 EPS.
• Marriott's board initiated a stock buyback program allowing for the repurchase of up to 25 million shares, signaling confidence in the company's stock valuation.

Ninety One UK Ltd acquired a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,134 shares of the company's stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Morse Asset Management Inc acquired a new position in Marriott International during the first quarter worth about $30,000. 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 worth $37,000 after acquiring an additional 50 shares in the last quarter. Center for Financial Planning Inc. increased its stake in 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 in the last quarter. Banque Transatlantique SA acquired a new position in Marriott International during the first quarter worth $52,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Marriott International during the first quarter worth $57,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MAR shares. BMO Capital Markets cut their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Truist Financial lifted their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Robert W. Baird increased their price target on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price objective for the company. Two equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $281.26.

Marriott International Stock Performance

Shares of MAR opened at $261.66 on Thursday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The company's 50 day simple moving average is $265.67 and its 200 day simple moving average is $257.92. The company has a market capitalization of $71.03 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 2.57 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate 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 in the prior year, the firm posted $2.50 earnings per share. 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. Equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International announced that its board has initiated a stock buyback program on Thursday, August 7th that permits the company to buyback 25,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 dividend payout ratio (DPR) is presently 30.21%.

Marriott International Company 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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