Marriott International, Inc. $MAR Shares Purchased by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its stake in Marriott International by 49.8%, owning 17,321 shares valued at approximately $4.13 million as of the latest SEC filing.
• Marriott International reported $2.65 earnings per share, meeting analysts' expectations, with quarterly revenue of $6.74 billion, surpassing forecasts.
• The company is set to pay a quarterly dividend of $0.67 on September 30, representing an annual yield of 1.0%.

Norinchukin Bank The lifted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 49.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,321 shares of the company's stock after purchasing an additional 5,762 shares during the period. Norinchukin Bank The's holdings in Marriott International were worth $4,126,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Marriott International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company's stock worth $4,820,329,000 after acquiring an additional 184,387 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Marriott International by 16.4% during the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after acquiring an additional 766,309 shares in the last quarter. Invesco Ltd. raised its stake in shares of Marriott International by 18.9% during the 1st quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock worth $982,298,000 after acquiring an additional 654,766 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Marriott International by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,507,144 shares of the company's stock worth $699,345,000 after acquiring an additional 123,484 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Marriott International by 16.3% during the 4th quarter. Northern Trust Corp now owns 2,333,994 shares of the company's stock worth $651,044,000 after acquiring an additional 327,415 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MAR. BMO Capital Markets cut their price target on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Mizuho decreased their price objective on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial decreased their price target on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Robert W. Baird raised their price target on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of "Moderate Buy" and a consensus target price of $281.00.

Marriott International Stock Down 1.9%

Shares of MAR traded down $5.22 during trading on Monday, reaching $268.60. 1,259,664 shares of the company traded hands, compared to its average volume of 1,691,818. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The stock has a market cap of $72.91 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.70 and a beta of 1.44. The stock has a 50-day simple moving average of $269.30 and a 200-day simple moving average of $259.54.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be given 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 is Thursday, August 21st. Marriott International's payout ratio is currently 30.21%.

Marriott International declared that its Board of Directors has approved a share buyback program on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Insider Activity at Marriott International

In other news, CEO Anthony Capuano sold 12,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the sale, the chief executive officer owned 124,067 shares in the company, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rajeev Menon sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was 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 of the company's stock, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by insiders.

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.