ZEGA Investments LLC Purchases Shares of 1,713 Marriott International, Inc. $MAR

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ZEGA Investments LLC bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,713 shares of the company's stock, valued at approximately $408,000.

A number of other hedge funds have also made changes to their positions in the stock. Credit Agricole S A increased its stake in Marriott International by 3.4% in the 1st quarter. Credit Agricole S A now owns 28,461 shares of the company's stock valued at $6,779,000 after buying an additional 942 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Marriott International by 39.0% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,946 shares of the company's stock valued at $6,909,000 after acquiring an additional 8,123 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Marriott International by 2.8% during the first quarter. Legacy Financial Advisors Inc. now owns 1,665 shares of the company's stock worth $397,000 after acquiring an additional 45 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Marriott International during the first quarter valued at $3,720,000. Finally, Wellington Management Group LLP grew its stake 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 valued at $1,292,809,000 after purchasing an additional 766,309 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Marriott International

In related news, CEO Anthony Capuano sold 12,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the completion of the transaction, the chief executive officer directly owned 124,067 shares in the company, valued at $32,741,281.30. This represents a 8.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rajeev Menon sold 2,500 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 10.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MAR shares. Robert W. Baird lifted their price target on Marriott International from $285.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday. Truist Financial reduced their target price on shares of Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research note on Friday, May 30th. Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and increased their price target for the stock from $226.00 to $303.00 in a research note on Monday, May 12th. BMO Capital Markets reduced their price objective on shares of Marriott International from $285.00 to $280.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Finally, Dbs Bank raised shares of Marriott International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $281.00.

Marriott International Stock Down 0.5%

MAR stock traded down $1.26 during mid-day trading on Thursday, reaching $262.27. 1,116,599 shares of the stock traded hands, compared to its average volume of 1,454,219. The firm has a market capitalization of $71.20 billion, a PE ratio of 29.57, a P/E/G ratio of 2.59 and a beta of 1.44. The business has a 50-day moving average of $268.92 and a two-hundred day moving average of $260.18. Marriott International, Inc. has a 52 week low of $205.40 and a 52 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. 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 during the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the previous year, the firm earned $2.50 EPS. The firm'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. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International announced that its Board of Directors has approved a share buyback program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Marriott International Announces Dividend

The business also recently announced 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 30.21%.

About Marriott International

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.