TD Asset Management Inc Has $28.22 Million Stock Position in Marriott International, Inc. $MAR

Key Points

• TD Asset Management Inc reduced its stake in Marriott International by 1.0%, now holding 103,274 shares valued at approximately $28.22 million.
• Marriott International reported Q2 earnings of $2.65 per share, matching estimates, with a revenue of $6.74 billion, exceeding expectations of $6.66 billion.
• The company has approved a share buyback program allowing the repurchase of up to 25 million shares, signaling potential investor confidence in the stock's valuation.

TD Asset Management Inc lessened its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,274 shares of the company's stock after selling 1,022 shares during the quarter. TD Asset Management Inc's holdings in Marriott International were worth $28,215,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB boosted its holdings in shares of Marriott International by 5.0% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 4,069 shares of the company's stock valued at $1,112,000 after buying an additional 194 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of Marriott International by 60.9% in the 2nd quarter. RFG Advisory LLC now owns 1,665 shares of the company's stock valued at $455,000 after buying an additional 630 shares during the last quarter. NorthRock Partners LLC boosted its holdings in shares of Marriott International by 17.1% in the 2nd quarter. NorthRock Partners LLC now owns 3,747 shares of the company's stock valued at $1,024,000 after buying an additional 546 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Marriott International by 1.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 5,026 shares of the company's stock valued at $1,373,000 after buying an additional 48 shares during the last quarter. Finally, Concord Asset Management LLC VA acquired a new stake in shares of Marriott International in the 2nd quarter valued at approximately $309,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

MAR stock opened at $259.04 on Friday. The stock has a market capitalization of $70.32 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.62 and a beta of 1.35. The business's fifty day moving average price is $265.50 and its two-hundred day moving average price is $259.65. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting the consensus estimate of $2.65. The firm had revenue of $6.74 billion for 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 company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last 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. 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 approved a share buyback program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Marriott International Announces Dividend

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

Analyst Ratings Changes

MAR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Marriott International in a research note on Monday, June 23rd. They issued a "neutral" rating and a $284.00 price target on the stock. BMO Capital Markets dropped their price target on 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. Weiss Ratings restated a "buy (b-)" rating on shares of Marriott International in a research note on Wednesday, October 8th. Barclays dropped their price target on 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. Finally, Robert W. Baird increased their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, Marriott International 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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