Twin Tree Management LP Makes New $13.23 Million Investment in Marriott International, Inc. $MAR

Key Points

• Twin Tree Management LP has made a new investment of approximately $13.23 million in Marriott International, acquiring 48,418 shares as reported in a recent SEC filing.
• Institutional investors and hedge funds currently own 70.70% of Marriott International's stock, indicating strong institutional interest in the company.
• Marriott International recently declared a $0.67 quarterly dividend with a dividend yield of 1.0%, alongside a share repurchase plan authorizing the buyback of up to 25 million shares.

Twin Tree Management LP purchased a new position in Marriott International, Inc. (NASDAQ:MAR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,418 shares of the company's stock, valued at approximately $13,228,000.

A number of other large investors have also bought and sold shares of MAR. 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. Kingstone Capital Partners Texas LLC acquired a new position in shares of Marriott International during the second quarter valued at about $266,084,000. Wellington Management Group LLP grew its holdings in shares of Marriott International by 16.4% during the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company's stock valued at $1,292,809,000 after buying an additional 766,309 shares during the last quarter. Nuveen LLC acquired a new position in shares of Marriott International during the first quarter valued at about $166,059,000. Finally, Invesco Ltd. grew its holdings in shares of Marriott International by 18.9% during the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company's stock valued at $982,298,000 after buying an additional 654,766 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Marriott International from $273.00 to $278.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Barclays reduced their price objective on shares of Marriott International from $276.00 to $262.00 and set an "equal weight" rating for the company in a report on Friday, October 3rd. Weiss Ratings restated a "buy (b-)" rating on shares of Marriott International in a report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a report on Monday, June 23rd. They set a "neutral" rating and a $284.00 price target on the stock. Finally, BMO Capital Markets cut their price target on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Marriott International has a consensus rating of "Moderate Buy" and an average price target of $282.63.

Marriott International Price Performance

Shares of Marriott International stock opened at $266.19 on Thursday. The company has a 50-day moving average of $265.53 and a 200 day moving average of $259.50. The firm has a market cap of $72.26 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.64 and a beta of 1.35. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. Marriott International's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period 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. On average, equities analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

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

Marriott International announced that its board has authorized a share repurchase plan on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

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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