RWA Wealth Partners LLC Sells 19,238 Shares of Marriott International, Inc. $MAR

Key Points

• RWA Wealth Partners LLC significantly reduced its holdings in Marriott International, selling 19,238 shares and now owning only 1,925 shares, worth approximately $459,000.
• Insider trading activity included CEO Anthony Capuano selling 12,000 shares at $263.90, decreasing his ownership by 8.82%.
• Marriott recently announced a stock buyback plan for up to 25 million shares, indicating the company's belief that its stock is undervalued.

RWA Wealth Partners LLC lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 90.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,925 shares of the company's stock after selling 19,238 shares during the period. RWA Wealth Partners LLC's holdings in Marriott International were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAR. Brighton Jones LLC grew its position in Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock worth $2,479,000 after acquiring an additional 218 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Marriott International by 3.9% during the fourth quarter. MML Investors Services LLC now owns 20,342 shares of the company's stock valued at $5,674,000 after acquiring an additional 772 shares during the last quarter. Quantessence Capital LLC bought a new position in shares of Marriott International during the fourth quarter valued at $358,000. Price T Rowe Associates Inc. MD raised its stake in shares of Marriott International by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,507,144 shares of the company's stock valued at $699,345,000 after acquiring an additional 123,484 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Marriott International by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 29,743 shares of the company's stock valued at $8,297,000 after acquiring an additional 1,073 shares during the last quarter. Institutional investors own 70.70% of the company's stock.

Insider Buying and Selling at Marriott International

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

Analyst Ratings Changes

MAR has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday. BMO Capital Markets reduced their target price 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. Jefferies Financial Group upgraded Marriott International from a "hold" rating to a "buy" rating and upped their target price for the company from $226.00 to $303.00 in a report on Monday, May 12th. Truist Financial reduced their target price 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, JPMorgan Chase & Co. started coverage on Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of "Moderate Buy" and a consensus target price of $281.00.

Marriott International Trading Down 1.2%

MAR stock opened at $263.53 on Thursday. The firm has a market cap of $71.54 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.62 and a beta of 1.44. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The stock has a 50-day moving average price of $268.94 and a 200-day moving average price of $260.38.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. Marriott International's revenue was up 4.7% on a year-over-year basis. During the same period in the prior 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. On average, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has approved a stock buyback plan on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 1.0%. Marriott International's dividend payout ratio is currently 30.21%.

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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