Prime Capital Investment Advisors LLC Increases Position in Marriott International, Inc. $MAR

Key Points

• Prime Capital Investment Advisors LLC increased its stake in Marriott International by 10.1% during the second quarter, owning 31,588 shares valued at approximately $8.63 million.
• Marriott's stock has been rated as a "Moderate Buy" with an average price target of $282.63 from various analysts.
• The company recently declared a quarterly dividend of $0.67, reflecting a 1.0% dividend yield and a payout ratio of 30.21%.

Prime Capital Investment Advisors LLC raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,588 shares of the company's stock after buying an additional 2,886 shares during the period. Prime Capital Investment Advisors LLC's holdings in Marriott International were worth $8,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in Marriott International in the 1st quarter valued at about $30,000. Sound Income Strategies LLC boosted its stake in shares of 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 purchasing an additional 50 shares during the period. Center for Financial Planning Inc. grew its holdings in shares of 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 purchasing an additional 164 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Marriott International during the 1st quarter worth approximately $52,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Marriott International in the 1st quarter valued at approximately $57,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Wall Street Analyst Weigh In

MAR has been the topic of several analyst reports. JPMorgan Chase & Co. began coverage on Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price objective on the stock. Truist Financial increased their price target on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Robert W. Baird lifted their price objective on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a report on Saturday, September 27th. Finally, BMO Capital Markets lowered their price target on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $282.63.

Marriott International Price Performance

Shares of MAR opened at $271.94 on Tuesday. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The stock has a market cap of $73.82 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.64 and a beta of 1.35. The firm has a fifty day moving average price of $265.23 and a 200 day moving average price of $258.64.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the company posted $2.50 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. 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, equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International declared that its Board of Directors has approved a share repurchase plan on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Marriott International Announces Dividend

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

Marriott International 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.

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