Marriott International, Inc. $MAR Shares Purchased by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC increased its stake in Marriott International by 16.4%, acquiring 943 additional shares, bringing their total holdings to 6,680 shares worth approximately $1.59 million.
• Marriott International announced a $0.67 quarterly dividend slated for payment on September 30th, reflecting an annualized dividend yield of 1.0%.
• The company's stock has shown significant activity, with a 4.4% increase recently and a current market cap of $74.33 billion, as it navigates analyst ratings and expected earnings for FY 2025.

Quantitative Investment Management LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,680 shares of the company's stock after purchasing an additional 943 shares during the quarter. Quantitative Investment Management LLC's holdings in Marriott International were worth $1,591,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Motley Fool Asset Management LLC grew its holdings in shares of Marriott International by 0.3% during the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company's stock worth $3,055,000 after purchasing an additional 39 shares during the last quarter. 4J Wealth Management LLC grew its holdings in shares of Marriott International by 3.6% during the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company's stock worth $292,000 after buying an additional 43 shares during the last quarter. Obsidian Personal Planning Solutions LLC grew its holdings in shares of Marriott International by 2.2% during the fourth quarter. Obsidian Personal Planning Solutions LLC now owns 2,019 shares of the company's stock worth $587,000 after buying an additional 44 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of Marriott International by 2.8% during the first quarter. Legacy Financial Advisors Inc. now owns 1,665 shares of the company's stock worth $397,000 after buying an additional 45 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of Marriott International by 6.6% during the first quarter. Harbour Investments Inc. now owns 758 shares of the company's stock worth $180,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

MAR traded up $1.82 during trading on Wednesday, reaching $269.67. The company's stock had a trading volume of 907,333 shares, compared to its average volume of 1,460,724. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The company's fifty day moving average price is $269.99 and its 200-day moving average price is $259.42. The company has a market capitalization of $73.20 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 2.64 and a beta of 1.44.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the firm earned $2.50 EPS. The company's revenue for the quarter 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. Equities analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

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

Insider Buying and Selling

In other news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider directly owned 5,706 shares in the company, valued at approximately $1,530,805.68. This trade represents a 30.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 12,000 shares of Marriott International stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer owned 124,067 shares of the company's stock, valued at approximately $32,741,281.30. The trade was a 8.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAR. UBS Group lowered their price target on Marriott International from $302.00 to $299.00 and set a "neutral" rating on the stock in a report on Wednesday, May 21st. Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and raised their price target for the stock from $226.00 to $303.00 in a report on Monday, May 12th. BMO Capital Markets lowered their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Truist Financial lowered their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Finally, 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 report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $281.00.

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.