Robertson Stephens Wealth Management LLC Cuts Stock Position in Marriott International, Inc. $MAR

Key Points

• Robertson Stephens Wealth Management LLC reduced its stake in Marriott International by 64.2% in Q2, now holding 1,565 shares valued at $428,000 after selling 2,802 shares.
• Marriott reported a quarterly earnings per share of $2.65, matching expectations, and a revenue of $6.74 billion, exceeding estimates.
• The company announced a stock buyback plan to acquire 25 million shares, indicating the board's belief in the stock's undervaluation.

Robertson Stephens Wealth Management LLC lessened its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 64.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,565 shares of the company's stock after selling 2,802 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Marriott International were worth $428,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Monument Capital Management grew its position in shares of Marriott International by 8.3% during the second quarter. Monument Capital Management now owns 922 shares of the company's stock valued at $252,000 after purchasing an additional 71 shares in the last quarter. Callan Family Office LLC grew its position in shares of Marriott International by 419.3% during the second quarter. Callan Family Office LLC now owns 12,593 shares of the company's stock valued at $3,441,000 after purchasing an additional 10,168 shares in the last quarter. Blair William & Co. IL grew its position in shares of Marriott International by 5.2% during the second quarter. Blair William & Co. IL now owns 34,442 shares of the company's stock valued at $9,410,000 after purchasing an additional 1,711 shares in the last quarter. US Bancorp DE grew its position in shares of Marriott International by 2.9% during the second quarter. US Bancorp DE now owns 93,766 shares of the company's stock valued at $25,618,000 after purchasing an additional 2,655 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc purchased a new position in shares of Marriott International during the second quarter valued at about $3,546,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $260.20 on Friday. The company has a market cap of $70.63 billion, a P/E ratio of 29.33, a PEG ratio of 2.57 and a beta of 1.35. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The firm has a 50-day simple moving average of $265.21 and a two-hundred day simple moving average of $259.11.

Marriott International (NASDAQ:MAR - Get Free Report) last announced 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. The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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, equities research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its board has authorized a stock buyback plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Marriott International Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. 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 report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target for the company. Barclays dropped their price target on Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Marriott International in a research report on Wednesday. Two equities research 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $282.63.

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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