Mirae Asset Global Investments Co. Ltd. Has $27.07 Million Holdings in Marriott International, Inc. $MAR

Mirae Asset Global Investments Co. Ltd. raised its position in Marriott International, Inc. (NASDAQ:MAR) by 7.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 99,090 shares of the company’s stock after acquiring an additional 6,570 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Marriott International were worth $27,072,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in shares of Marriott International by 194.7% during the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock valued at $407,242,000 after buying an additional 1,129,555 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Marriott International during the second quarter valued at approximately $266,084,000. Wellington Management Group LLP boosted its position 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 purchased a new position in shares of Marriott International during the first quarter valued at approximately $166,059,000. Finally, Invesco Ltd. boosted its position 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. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $267.57 on Friday. The firm has a market cap of $72.63 billion, a PE ratio of 30.17, a PEG ratio of 2.63 and a beta of 1.35. The stock’s fifty day moving average price is $265.31 and its two-hundred day moving average price is $258.24. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.65. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 earnings per share. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board has initiated a share repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Marriott International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MAR shares. Truist Financial lifted their target price on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. 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 report on Friday. JPMorgan Chase & Co. started coverage on Marriott International in a report on Monday, June 23rd. They set a “neutral” rating and a $284.00 price target on the stock. Robert W. Baird lifted their price target on Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $282.63.

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.