ST Germain D J Co. Inc. Acquires 2,044 Shares of Marriott International, Inc. $MAR

Key Points

• ST Germain D J Co. Inc. has increased its holdings in Marriott International by 132.6%, acquiring an additional 2,044 shares, bringing their total to 3,585 shares valued at approximately $979,000.
• Marriott International has announced a stock repurchase program allowing the purchase of up to 25 million shares, indicating management believes the stock is undervalued.
• The company has declared a quarterly dividend of $0.67 per share, with a yield of 1.0%, payable to investors of record on August 21st.

ST Germain D J Co. Inc. lifted its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 132.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,585 shares of the company's stock after acquiring an additional 2,044 shares during the period. ST Germain D J Co. Inc.'s holdings in Marriott International were worth $979,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MAR. Morse Asset Management Inc purchased a new stake in shares of Marriott International in the first quarter worth about $30,000. Sound Income Strategies LLC lifted 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 worth $37,000 after buying an additional 50 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of Marriott International by 468.6% in 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. Banque Transatlantique SA purchased a new stake in shares of Marriott International in the first quarter worth about $52,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Marriott International in the first quarter worth about $57,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAR. BMO Capital Markets decreased their price objective on Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Robert W. Baird upped 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. Truist Financial upped their price objective on Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. began coverage on Marriott International in a research report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $281.26.

Marriott International Stock Up 1.3%

MAR stock opened at $264.21 on Friday. The business's fifty day simple moving average is $266.25 and its two-hundred day simple moving average is $257.48. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The firm has a market cap of $71.72 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.57 and a beta of 1.38.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting analysts' consensus estimates of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The business's revenue was up 4.7% compared to the same quarter last year. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be paid a $0.67 dividend. 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 30.21%.

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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