OMERS ADMINISTRATION Corp Has $2.12 Million Stake in Marriott International, Inc. $MAR

Key Points

• OMERS ADMINISTRATION Corp reduced its position in Marriott International by 14.4%, now holding $2.12 million in shares, down to 8,895 shares after selling 1,499 shares in the first quarter.
• Marriott International declared a quarterly dividend of $0.67 per share, with an upcoming payment date of September 30th, representing an annual yield of 1.0%.
• Analyst ratings for Marriott International include two strong buy recommendations, with an average rating of "Moderate Buy" and consensus target price set at $281.00.

OMERS ADMINISTRATION Corp cut its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,895 shares of the company's stock after selling 1,499 shares during the period. OMERS ADMINISTRATION Corp's holdings in Marriott International were worth $2,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MAR. Bernard Wealth Management Corp. acquired a new position in shares of Marriott International in the 4th quarter worth approximately $25,000. Morse Asset Management Inc acquired a new position in shares of Marriott International in the 1st quarter worth approximately $30,000. Sound Income Strategies LLC raised 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 worth $37,000 after buying an additional 50 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Marriott International in the 4th quarter worth approximately $38,000. Finally, Center for Financial Planning Inc. raised 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 worth $47,000 after buying an additional 164 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of NASDAQ MAR traded down $3.38 during midday trading on Tuesday, hitting $264.48. The stock had a trading volume of 1,422,983 shares, compared to its average volume of 1,190,844. The company's 50-day simple moving average is $270.39 and its 200 day simple moving average is $258.56. The firm has a market cap of $71.80 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.64 and a beta of 1.38. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

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. The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm 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 analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

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

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International's payout ratio is 30.21%.

Insider Activity at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction 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 completion of the sale, the insider directly owned 5,706 shares of the company's stock, valued at $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MAR shares. BMO Capital Markets dropped their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Mizuho dropped their price target on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Truist Financial dropped their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a report on Friday, May 30th. JPMorgan Chase & Co. started coverage on Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target for the company. Finally, Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Two 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $281.00.

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.