Precision Wealth Strategies LLC Purchases New Position in Marriott International, Inc. $MAR

Key Points

• Precision Wealth Strategies LLC has acquired a new position in Marriott International, purchasing 11,034 shares valued at approximately $3,015,000 during the 2nd quarter.
• Marriott International recently reported earnings of $2.65 per share, meeting analysts' expectations, alongside a revenue of $6.74 billion for the quarter, which is up 4.7% year-over-year.
• The company has initiated a share repurchase plan allowing it to buy back 25 million shares, signaling confidence in its stock valuation.

Precision Wealth Strategies LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,034 shares of the company's stock, valued at approximately $3,015,000. Marriott International makes up about 1.0% of Precision Wealth Strategies LLC's holdings, making the stock its 29th biggest position.

Other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc bought a new position in Marriott International in the 1st quarter valued at $30,000. Sound Income Strategies LLC raised 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 purchasing an additional 50 shares during the last quarter. Center for Financial Planning Inc. raised its position in Marriott International by 468.6% in the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock valued at $47,000 after purchasing an additional 164 shares during the last quarter. Banque Transatlantique SA bought a new position in Marriott International in the 1st quarter valued at $52,000. Finally, McClarren Financial Advisors Inc. bought a new position in Marriott International in the 1st quarter valued at $57,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Trading Up 0.5%

NASDAQ MAR opened at $261.66 on Thursday. The stock has a 50-day simple moving average of $265.67 and a 200 day simple moving average of $257.92. The company has a market capitalization of $71.03 billion, a PE ratio of 29.50, a P/E/G ratio of 2.57 and a beta of 1.35. 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts' consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.50 earnings per share. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. As a group, sell-side analysts predict 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 allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Marriott International Announces Dividend

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

Analyst Ratings Changes

MAR has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective for the company. Robert W. Baird boosted their target price on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Truist Financial boosted their target price on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets dropped their target price on 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.