Orbis Allan Gray Ltd raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 4.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 309,641 shares of the company's stock after buying an additional 13,750 shares during the quarter. Orbis Allan Gray Ltd owned about 0.11% of Marriott International worth $73,756,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in MAR. Wellington Management Group LLP grew its holdings in Marriott International by 16.4% during the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock valued at $1,292,809,000 after buying an additional 766,309 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Marriott International by 23,923.3% in the 1st quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock valued at $174,360,000 after purchasing an additional 728,942 shares during the period. Nuveen LLC bought a new position in Marriott International in the 1st quarter valued at $166,059,000. Invesco Ltd. boosted its holdings in Marriott International by 18.9% in the 1st quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock valued at $982,298,000 after purchasing an additional 654,766 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Marriott International in the 4th quarter valued at $88,062,000. Hedge funds and other institutional investors own 70.70% of the company's stock.
Insider Buying and Selling
In related news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction 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 transaction, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This trade represents a 30.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.68% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have commented on MAR shares. Mizuho cut their price target on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. JPMorgan Chase & Co. started coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target for the company. Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Robert W. Baird lifted their price objective on shares of Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets reduced their target price on 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.00.
Check Out Our Latest Analysis on Marriott International
Marriott International Stock Performance
NASDAQ:MAR traded down $3.38 during trading hours on Tuesday, reaching $264.48. The company's stock had a trading volume of 1,422,983 shares, compared to its average volume of 1,673,471. The firm has a market capitalization of $71.80 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 2.64 and a beta of 1.38. The firm has a 50-day simple moving average of $270.47 and a 200-day simple moving average of $258.52. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52.
Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting analysts' consensus estimates of $2.65. The company had revenue of $6.74 billion for the quarter, compared to analysts' expectations of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last 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 analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.
Marriott International declared that its board has initiated a share repurchase plan on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Marriott International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, August 21st. Marriott International's dividend payout ratio (DPR) is presently 30.21%.
About Marriott International
(
Free Report)
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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