Apollon Wealth Management LLC Reduces Stock Position in Marriott International, Inc. $MAR

Apollon Wealth Management LLC reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,164 shares of the company’s stock after selling 276 shares during the period. Apollon Wealth Management LLC’s holdings in Marriott International were worth $1,957,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MAR. Morse Asset Management Inc purchased a new stake in shares of Marriott International during the first quarter worth about $30,000. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 46.7% during the first quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock worth $37,000 after purchasing an additional 50 shares during the period. Center for Financial Planning Inc. boosted its holdings in shares of Marriott International by 468.6% during the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock worth $47,000 after purchasing an additional 164 shares during the period. Banque Transatlantique SA bought a new stake in Marriott International during the 1st quarter valued at approximately $52,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Marriott International during the 1st quarter valued at approximately $57,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAR. BMO Capital Markets cut their price objective on 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. Truist Financial lifted their price objective 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 cut their price objective on Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Robert W. Baird lifted their price objective on Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a research note on Monday, June 23rd. They set a “neutral” rating and a $284.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $282.63.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $263.26 on Tuesday. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52. The company has a 50 day simple moving average of $265.30 and a two-hundred day simple moving average of $259.40. The company has a market capitalization of $71.46 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 2.57 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the business earned $2.50 EPS. The firm’s revenue for the quarter 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 forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International declared that its Board of Directors has authorized a share repurchase program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Marriott International Announces Dividend

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

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.