Chevy Chase Trust Holdings LLC Acquires 329 Shares of Marriott International, Inc. $MAR

Chevy Chase Trust Holdings LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,692 shares of the company’s stock after buying an additional 329 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Marriott International were worth $35,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC lifted its position in Marriott International by 0.4% during the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock worth $2,363,000 after buying an additional 37 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Marriott International by 2.1% in the 1st quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock valued at $436,000 after purchasing an additional 38 shares during the period. Motley Fool Asset Management LLC raised its holdings in shares of Marriott International by 0.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock valued at $3,055,000 after purchasing an additional 39 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Marriott International by 1.6% in the 2nd quarter. Valmark Advisers Inc. now owns 2,462 shares of the company’s stock valued at $673,000 after purchasing an additional 39 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Marriott International by 1.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after purchasing an additional 40 shares during the period. 70.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAR. Barclays dropped their target price 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. Truist Financial upped their target price 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. Robert W. Baird upped their target price 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. BMO Capital Markets dropped their target price 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. Finally, JPMorgan Chase & Co. began coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a “neutral” rating and a $284.00 price target on the stock. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.63.

Marriott International Stock Up 0.7%

Marriott International stock opened at $260.85 on Friday. The stock has a market cap of $70.81 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.55 and a beta of 1.35. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The company’s 50-day moving average price is $265.52 and its two-hundred day moving average price is $259.80.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) 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 firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the business posted $2.50 EPS. The business’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. Equities analysts anticipate 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 initiated a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Marriott International Announces Dividend

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