Northern Trust Corp Sells 56,191 Shares of Marriott International, Inc. $MAR

Key Points

• Northern Trust Corp reduced its stake in Marriott International by selling 56,191 shares, bringing its total ownership to approximately 2,277,803 shares valued at around $542.57 million.
• Marriott International announced a new share buyback plan allowing the company to repurchase 25 million shares as a sign of its belief in the stock’s undervaluation.
• In its latest earnings report, Marriott reported $2.65 earning per share for the quarter, meeting analysts' consensus expectations, and the company has projected earnings of 9.850-10.080 EPS for FY 2025.

Northern Trust Corp trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,277,803 shares of the company's stock after selling 56,191 shares during the period. Northern Trust Corp owned about 0.83% of Marriott International worth $542,573,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. bought a new position in Marriott International during the 4th quarter valued at about $25,000. Morse Asset Management Inc bought a new position in Marriott International during the 1st quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new position in Marriott International during the 4th quarter valued at about $34,000. Sound Income Strategies LLC boosted its position in 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 buying an additional 50 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International in the 4th quarter valued at about $38,000. 70.70% of the stock is currently owned by institutional investors.

Insider Activity at Marriott International

In other news, insider Rajeev Menon sold 2,500 shares of the company's stock in a transaction that occurred 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 sale, the insider 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 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 sale, the chief executive officer directly owned 124,067 shares of the company's stock, valued at $32,741,281.30. The trade was a 8.82% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Stock Performance

Shares of MAR opened at $266.78 on Wednesday. The company has a 50 day moving average price of $268.99 and a 200-day moving average price of $260.36. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52. The stock has a market capitalization of $72.42 billion, a PE ratio of 30.08, a PEG ratio of 2.62 and a beta of 1.44.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting 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 firm 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 company's 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 research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its board has approved a share buyback plan on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Marriott International Announces Dividend

The firm also recently declared 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. This represents a $2.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International's dividend payout ratio is presently 30.21%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Marriott International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $226.00 to $303.00 in a research report on Monday, May 12th. Mizuho lowered 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 report on Wednesday, May 7th. BMO Capital Markets lowered their price objective on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. UBS Group lowered their price objective on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. Finally, Robert W. Baird boosted their price objective on shares of Marriott International from $265.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $280.89.

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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