The Manufacturers Life Insurance Company Has $32.42 Million Stake in Marriott International, Inc. $MAR

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Marriott International by 3.8%, selling 5,405 shares and holding a total of 136,123 shares valued at approximately $32.4 million.
• Analysts have mixed views on Marriott International, with price targets ranging from $226 to $303, and an average rating of "Moderate Buy" with a consensus target price of $281.
• Marriott recently announced a $0.67 per share quarterly dividend and initiated a share buyback program allowing for the repurchase of up to 25 million shares.

The Manufacturers Life Insurance Company reduced its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 136,123 shares of the company's stock after selling 5,405 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Marriott International were worth $32,424,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MAR. CreativeOne Wealth LLC boosted its stake in Marriott International by 2.1% in the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company's stock valued at $436,000 after acquiring an additional 38 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Marriott International by 4.3% in the 1st quarter. Rafferty Asset Management LLC now owns 70,713 shares of the company's stock worth $16,844,000 after purchasing an additional 2,910 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Marriott International during the 1st quarter worth $6,852,000. Bank of Hawaii lifted its stake in Marriott International by 5.0% in the first quarter. Bank of Hawaii now owns 1,731 shares of the company's stock valued at $412,000 after buying an additional 82 shares during the last quarter. Finally, Apexium Financial LP boosted its holdings in shares of Marriott International by 3.8% during the first quarter. Apexium Financial LP now owns 1,734 shares of the company's stock valued at $413,000 after acquiring an additional 64 shares during the period. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Down 1.5%

Shares of MAR traded down $4.15 during mid-day trading on Friday, reaching $264.70. The company's stock had a trading volume of 1,378,627 shares, compared to its average volume of 1,093,302. The company has a market cap of $71.86 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 2.61 and a beta of 1.38. The business has a fifty day moving average of $270.18 and a 200 day moving average of $257.93. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year 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 earnings per share for the quarter, meeting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. Marriott International's quarterly 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, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its board has authorized 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 purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be given a dividend of $0.67 per share. 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 payout ratio is presently 30.21%.

Insiders Place Their Bets

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the sale, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This represents a 30.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.68% of the company's stock.

Analysts Set New Price Targets

MAR has been the topic of several recent research reports. BMO Capital Markets cut 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 report on Wednesday, August 6th. Dbs Bank raised Marriott International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. UBS Group reduced their price objective on shares of Marriott International from $302.00 to $299.00 and set a "neutral" rating for the company in a research report on Wednesday, May 21st. 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 target price on the stock. Finally, Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and raised their target price for the stock from $226.00 to $303.00 in a report on Monday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Marriott International has an average rating of "Moderate Buy" and an average target price of $281.26.

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.