Marriott International, Inc. $MAR Shares Acquired by Permanens Capital L.P.

Key Points

• Permanens Capital L.P. increased its stake in Marriott International by 15.6%, now holding a total worth of $3.67 million, making it the firm's 20th largest investment.
• Marriott International's recent quarterly earnings showed $2.65 earnings per share, matching analysts' expectations, with revenues of $6.74 billion, exceeding predictions.
• The company announced a share buyback plan allowing it to repurchase up to 25 million shares, indicating the board's belief that the stock is undervalued.

Permanens Capital L.P. grew its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 15.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,396 shares of the company's stock after purchasing an additional 2,076 shares during the period. Marriott International makes up about 0.7% of Permanens Capital L.P.'s holdings, making the stock its 20th largest holding. Permanens Capital L.P.'s holdings in Marriott International were worth $3,667,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in shares of Marriott International in the fourth quarter valued at $25,000. Morse Asset Management Inc acquired a new stake in Marriott International in the first quarter valued at $30,000. Sound Income Strategies LLC raised its stake in Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after buying an additional 50 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Marriott International in the fourth quarter valued at $38,000. Finally, Center for Financial Planning Inc. raised its stake in Marriott International by 468.6% in the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock valued at $47,000 after buying an additional 164 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 10.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MAR shares. Robert W. Baird raised their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. began coverage on Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price objective on the stock. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Finally, Truist Financial raised their price objective on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Two 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $281.26.

Marriott International Trading Down 0.1%

Shares of NASDAQ:MAR traded down $0.36 during trading on Tuesday, hitting $267.72. 69,670 shares of the stock were exchanged, compared to its average volume of 1,651,941. The company has a fifty day moving average price of $270.07 and a two-hundred day moving average price of $257.87. The company has a market cap of $72.67 billion, a PE ratio of 30.23, a P/E/G ratio of 2.61 and a beta of 1.38. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous 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 research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International declared that its Board of Directors has authorized a share repurchase program on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Marriott International Announces Dividend

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