Simplicity Wealth LLC Buys New Holdings in Marriott International, Inc. $MAR

Key Points

• Simplicity Wealth LLC acquired a new stake in Marriott International during Q2, purchasing 1,844 shares valued at approximately $504,000.
• Marriott International reported $2.65 EPS for the last quarter, meeting consensus estimates, with a revenue of $6.74 billion surpassing expectations.
• The company's Board of Directors initiated a share buyback program allowing the repurchase of 25 million shares, indicating confidence in the stock's valuation.

Simplicity Wealth LLC bought a new stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,844 shares of the company's stock, valued at approximately $504,000.

Several other hedge funds also recently added to or reduced their stakes in MAR. Morse Asset Management Inc purchased a new position in shares of Marriott International during the first quarter worth approximately $30,000. Sound Income Strategies LLC grew its position in shares of Marriott International by 46.7% during the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock worth $37,000 after acquiring an additional 50 shares during the last quarter. Center for Financial Planning Inc. grew its position in shares of Marriott International by 468.6% during the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company's stock worth $47,000 after acquiring an additional 164 shares during the last quarter. Banque Transatlantique SA purchased a new position in Marriott International in the 1st quarter valued at $52,000. Finally, McClarren Financial Advisors Inc. purchased a new position in Marriott International in the 1st quarter valued at $57,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

MAR opened at $267.45 on Wednesday. The stock has a market capitalization of $72.60 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.68 and a beta of 1.35. The business has a 50-day moving average of $265.11 and a two-hundred day moving average of $258.71. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. The company had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.50 EPS. 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 anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its Board of Directors has initiated a share buyback program 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 programs are generally a sign that the company's board believes its shares are undervalued.

Marriott International Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on MAR. JPMorgan Chase & Co. began coverage on Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 target price for the company. Truist Financial raised their target price on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a research note on Saturday, September 27th. Barclays cut their price target on Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a research note on Friday, October 3rd. Finally, Robert W. Baird lifted 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. Two investment 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $282.63.

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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