Reinhart Partners LLC. Makes New $3.91 Million Investment in Marriott International, Inc. $MAR

Key Points

• Reinhart Partners LLC has acquired 14,310 shares of Marriott International, valued at around $3.91 million, during the second quarter according to SEC filings.
• Marriott International has recently announced a quarterly dividend of $0.67, which is set to be paid on September 30th, alongside initiating a stock buyback program for up to 25 million shares.
• Analysts have given Marriott International an average rating of "Moderate Buy" with a price target of approximately $281.26, with several firms adjusting their target prices recently.

Reinhart Partners LLC. acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,310 shares of the company's stock, valued at approximately $3,910,000.

A number of other hedge funds also recently made changes to their positions in the stock. Sarasin & Partners LLP grew its stake in shares of Marriott International by 2.6% during the 2nd quarter. Sarasin & Partners LLP now owns 15,461 shares of the company's stock valued at $4,224,000 after acquiring an additional 392 shares during the period. Gilman Hill Asset Management LLC grew its stake in shares of Marriott International by 1.3% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 18,611 shares of the company's stock valued at $5,085,000 after acquiring an additional 242 shares during the period. Lincoln Capital Corp bought a new position in shares of Marriott International during the 2nd quarter valued at approximately $241,000. Pallas Capital Advisors LLC grew its stake in shares of Marriott International by 0.4% during the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company's stock valued at $2,363,000 after acquiring an additional 37 shares during the period. Finally, Fragasso Financial Advisors Inc bought a new position in shares of Marriott International during the 2nd quarter valued at approximately $235,000. 70.70% of the stock is currently owned by institutional investors.

Marriott International Trading Up 0.7%

Shares of MAR stock traded up $1.90 on Thursday, reaching $263.95. The company's stock had a trading volume of 1,376,666 shares, compared to its average volume of 1,175,925. The stock's fifty day simple moving average is $267.76 and its 200-day simple moving average is $257.40. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The company has a market capitalization of $71.65 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its earnings results 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 net margin of 9.60% and a negative return on equity of 93.44%. The firm had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the firm posted $2.50 earnings per share. Marriott International's revenue for the quarter 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. Equities research analysts forecast 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 will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be issued 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 dividend yield of 1.0%. Marriott International's dividend payout ratio (DPR) is 30.21%.

Marriott International declared that its board has approved a stock repurchase program on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

MAR has been the subject of a number of recent research reports. UBS Group cut their price objective on Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research note on Wednesday, May 21st. Robert W. Baird upped their price target on Marriott International from $285.00 to $287.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Truist Financial upped their price target on Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target for the company. Finally, BMO Capital Markets dropped their price target on Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $281.26.

Insider Buying and Selling

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction 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 transaction, the insider directly owned 5,706 shares of the company's stock, valued at $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.68% of the stock is owned by insiders.

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.