Sovran Advisors LLC Takes Position in Marriott International, Inc. $MAR

Key Points

• Sovran Advisors LLC has entered a new position in Marriott International, acquiring 1,801 shares valued at approximately $504,000.
• Marriott International recently reported earnings of $2.65 per share, matching estimates, and revenues of $6.74 billion, exceeding projections.
• The company announced a stock buyback program authorizing the repurchase of 25 million shares, reflecting leadership's belief in the stock's undervaluation.

Sovran Advisors LLC purchased a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,801 shares of the company's stock, valued at approximately $504,000.

Several other large investors have also recently modified their holdings of MAR. Bernard Wealth Management Corp. purchased a new stake in shares of Marriott International in the fourth quarter worth about $25,000. Morse Asset Management Inc purchased a new stake in shares of Marriott International during the first quarter worth $30,000. Heck Capital Advisors LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at about $38,000. Sound Income Strategies LLC grew its position in shares of Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company's stock valued at $37,000 after purchasing an additional 50 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its position in 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 buying an additional 164 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

Shares of NASDAQ:MAR opened at $268.52 on Friday. The stock has a market capitalization of $72.89 billion, a P/E ratio of 30.27, a PEG ratio of 2.60 and a beta of 1.38. 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 simple moving average of $267.50 and a 200-day simple moving average of $257.38.

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 firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior 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. 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 repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 1.0%. Marriott International's dividend payout ratio (DPR) is 30.21%.

Insider Transactions at Marriott International

In other news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction 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 trade represents a 30.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MAR has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. began coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target for the company. Truist Financial upped their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets reduced their target price on shares of 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 assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $281.26.

Marriott International Company 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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