Brookstone Capital Management Sells 58 Shares of Marriott International, Inc. $MAR

Brookstone Capital Management cut its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.6% during the 2nd quarter, Holdings Channel reports. The firm owned 3,659 shares of the company’s stock after selling 58 shares during the quarter. Brookstone Capital Management’s holdings in Marriott International were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of MAR. Brighton Jones LLC grew its stake in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after buying an additional 218 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Marriott International by 11.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company’s stock worth $3,202,000 after acquiring an additional 1,432 shares during the period. PDS Planning Inc lifted its holdings in shares of Marriott International by 14.1% during the 1st quarter. PDS Planning Inc now owns 1,462 shares of the company’s stock worth $348,000 after acquiring an additional 181 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Marriott International by 22.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,672 shares of the company’s stock valued at $1,827,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in Marriott International by 2.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 6,279 shares of the company’s stock valued at $1,496,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MAR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research note on Saturday. Robert W. Baird reduced their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Truist Financial raised their price target on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Morgan Stanley reduced their price objective on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Barclays dropped 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 research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $283.17.

Marriott International Stock Up 0.6%

NASDAQ MAR opened at $271.32 on Friday. The company’s 50 day moving average is $265.86 and its 200-day moving average is $261.77. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The firm has a market cap of $73.65 billion, a P/E ratio of 30.59, a price-to-earnings-growth ratio of 2.80 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last posted its quarterly 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. 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 for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm posted $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. Equities analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The company 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 currently 30.21%.

Marriott International declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.