SPC Financial Inc. Has $3.62 Million Holdings in Marriott International, Inc. $MAR

Key Points

• SPC Financial Inc. reduced its stake in Marriott International by 13.4% in Q2, holding 13,261 shares valued at $3.62 million.
• Marriott reported a net margin of 9.60% and revenue of $6.74 billion for the last quarter, slightly exceeding analyst estimates.
• The company initiated a share repurchase program authorizing the buyback of 25 million shares, indicating management believes the stock is currently undervalued.

SPC Financial Inc. trimmed its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,261 shares of the company's stock after selling 2,055 shares during the quarter. SPC Financial Inc.'s holdings in Marriott International were worth $3,623,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Marriott International by 0.9% in the first quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company's stock worth $4,820,329,000 after purchasing an additional 184,387 shares during the period. Wellington Management Group LLP grew its holdings in Marriott International by 16.4% in the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock worth $1,292,809,000 after purchasing an additional 766,309 shares during the period. Invesco Ltd. grew its holdings in Marriott International by 18.9% in the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock worth $982,298,000 after purchasing an additional 654,766 shares during the period. Alliancebernstein L.P. grew its holdings in Marriott International by 194.7% in the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company's stock worth $407,242,000 after purchasing an additional 1,129,555 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Marriott International by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company's stock worth $360,833,000 after purchasing an additional 37,212 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR opened at $260.20 on Friday. The company's 50-day moving average is $265.21 and its 200 day moving average is $259.11. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52. The firm has a market capitalization 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 (NASDAQ:MAR - Get Free Report) last released its quarterly 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 company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the firm earned $2.50 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. 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, equities research analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has initiated a share repurchase program on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Marriott International Dividend Announcement

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

Analysts Set New Price Targets

MAR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Marriott International in a research note on Wednesday. Barclays dropped their price objective on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating on the stock in a research note on Friday, October 3rd. BMO Capital Markets dropped their price objective on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Robert W. Baird raised their price objective 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. Finally, Truist Financial raised their price objective on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Two equities research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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