Verdence Capital Advisors LLC Buys 48 Shares of Marriott International, Inc. $MAR

Verdence Capital Advisors LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,026 shares of the company’s stock after acquiring an additional 48 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Marriott International were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Concord Asset Management LLC VA bought a new stake in shares of Marriott International in the second quarter worth approximately $309,000. Sequoia Financial Advisors LLC grew its position in Marriott International by 1.8% during the second quarter. Sequoia Financial Advisors LLC now owns 13,679 shares of the company’s stock valued at $3,737,000 after buying an additional 238 shares during the period. Pegasus Asset Management Inc. grew its position in Marriott International by 4.7% during the second quarter. Pegasus Asset Management Inc. now owns 9,213 shares of the company’s stock valued at $2,517,000 after buying an additional 410 shares during the period. Index Fund Advisors Inc. bought a new stake in Marriott International during the second quarter valued at approximately $666,000. Finally, M3 Advisory Group LLC bought a new stake in Marriott International during the second quarter valued at approximately $221,000. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MAR. BMO Capital Markets cut their target price on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Robert W. Baird lifted their price target on shares of Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Truist Financial lifted their price target 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. JPMorgan Chase & Co. began 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, Barclays lowered their price target on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.63.

Marriott International Stock Performance

MAR stock opened at $263.26 on Tuesday. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52. The company’s fifty day moving average price is $265.30 and its 200-day moving average price is $259.40. The company has a market capitalization of $71.46 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.35.

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

Marriott International Announces Dividend

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

Marriott International announced that its board has initiated a share buyback plan on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership 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.