Wealth Quarterback LLC Takes $244,000 Position in Marriott International, Inc. $MAR

Wealth Quarterback LLC purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 894 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAR. National Pension Service boosted its stake in shares of Marriott International by 2.8% during the second quarter. National Pension Service now owns 593,901 shares of the company’s stock valued at $162,260,000 after purchasing an additional 16,413 shares during the period. Verus Capital Partners LLC boosted its position in Marriott International by 6.4% in the 2nd quarter. Verus Capital Partners LLC now owns 2,615 shares of the company’s stock valued at $714,000 after buying an additional 157 shares during the period. STF Management LP increased its position in shares of Marriott International by 2.3% during the second quarter. STF Management LP now owns 4,341 shares of the company’s stock worth $1,186,000 after acquiring an additional 96 shares during the period. Boston Partners bought a new stake in shares of Marriott International during the second quarter valued at approximately $196,579,000. Finally, Mawer Investment Management Ltd. purchased a new stake in shares of Marriott International in the second quarter valued at approximately $6,749,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

NASDAQ:MAR opened at $291.90 on Wednesday. The company’s 50-day simple moving average is $267.60 and its 200-day simple moving average is $266.43. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52. The stock has a market capitalization of $78.33 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.99 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. On average, research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, November 20th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, November 20th. Marriott International’s payout ratio is 28.30%.

Insider Activity at Marriott International

In related news, insider William P. Brown sold 6,666 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $280.04, for a total value of $1,866,746.64. Following the completion of the transaction, the insider directly owned 11,000 shares of the company’s stock, valued at $3,080,440. This trade represents a 37.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Benjamin T. Breland sold 1,650 shares of Marriott International stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $286.10, for a total transaction of $472,065.00. Following the completion of the sale, the executive vice president owned 18,225 shares of the company’s stock, valued at $5,214,172.50. This trade represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,316 shares of company stock valued at $2,923,052 in the last ninety days. Corporate insiders own 10.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MAR shares. Morgan Stanley decreased their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Truist Financial upped their price objective on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Robert W. Baird lowered their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Finally, Barclays lifted their price objective on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $286.40.

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.