Praxis Investment Management Inc. Sells 1,850 Shares of Marriott International, Inc. $MAR

Key Points

• Praxis Investment Management Inc. reduced its stake in Marriott International by 28.4%, selling 1,850 shares and now holding 4,660 shares valued at $1,273,000.
• Analysts have varied opinions on Marriott's stock, with Barclays lowering its price target to $262, while Robert W. Baird increased it slightly to $287.
• Marriott announced a quarterly dividend of $0.67 per share and authorized a share buyback plan to repurchase up to 25 million shares, indicating a belief that the stock may be undervalued.

Praxis Investment Management Inc. lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 28.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,660 shares of the company's stock after selling 1,850 shares during the period. Praxis Investment Management Inc.'s holdings in Marriott International were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in Marriott International during the first quarter worth $30,000. Center for Financial Planning Inc. lifted its holdings in Marriott International by 468.6% during the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock worth $47,000 after buying an additional 164 shares during the period. Banque Transatlantique SA purchased a new stake in Marriott International during the first quarter worth $52,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Marriott International during the 1st quarter valued at $57,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Marriott International by 32.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company's stock valued at $70,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

MAR has been the subject of several analyst reports. Barclays decreased their price objective on Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a report on Friday, October 3rd. Robert W. Baird increased their price objective on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. BMO Capital Markets decreased their price objective 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. Finally, Truist Financial upped their target price on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $282.63.

Marriott International Price Performance

NASDAQ MAR opened at $260.85 on Friday. The stock's fifty day moving average price is $265.52 and its 200 day moving average price is $259.80. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The company has a market cap of $70.81 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.55 and a beta of 1.35.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting analysts' consensus estimates of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.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 business posted $2.50 EPS. The company's revenue was up 4.7% on a year-over-year basis. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were given a dividend of $0.67 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. Marriott International's dividend payout ratio (DPR) is 30.21%.

Marriott International declared that its Board of Directors has authorized a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.

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