Quotient Wealth Partners LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,803 shares of the company’s stock after purchasing an additional 68 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Marriott International were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pallas Capital Advisors LLC lifted its stake in shares of Marriott International by 0.4% in the 2nd quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock valued at $2,363,000 after acquiring an additional 37 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Marriott International by 2.1% in the first 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 last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Marriott International by 0.3% during the first 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. increased its stake in shares of Marriott International by 1.6% in the second quarter. Valmark Advisers Inc. now owns 2,462 shares of the company’s stock worth $673,000 after buying an additional 39 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Marriott International by 1.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after buying an additional 40 shares during the last quarter. 70.70% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a research report on Monday, June 23rd. They issued a “neutral” rating and a $284.00 price objective on the stock. Barclays cut their target price on Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research note on Friday, October 3rd. Truist Financial upped their price target on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Robert W. Baird lifted their price objective on Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Finally, BMO Capital Markets decreased their target price on Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Marriott International presently has a consensus rating of “Moderate Buy” and an average target price of $282.63.
Marriott International Stock Performance
Shares of NASDAQ:MAR opened at $260.85 on Friday. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The firm has a market capitalization of $70.81 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.57 and a beta of 1.35. The stock has a 50 day moving average price of $265.52 and a 200-day moving average price of $259.92.
Marriott International (NASDAQ:MAR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting the consensus estimate of $2.65. The company had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, equities analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.
Marriott International declared that its Board of Directors has authorized a share buyback plan on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Marriott International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 1.0%. Marriott International’s 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.
Further Reading
- Five stocks we like better than Marriott International
- 3 Defense Stocks Set to Benefit From Increased Military Spending
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- 3 Stocks to Consider Buying in October
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- What is a Special Dividend?
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR – Free Report).
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.