Private Trust Co. NA Sells 59 Shares of Marriott International, Inc. $MAR

Private Trust Co. NA lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,836 shares of the company’s stock after selling 59 shares during the quarter. Private Trust Co. NA’s holdings in Marriott International were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MAR. Morse Asset Management Inc bought a new position in shares of Marriott International in the first quarter valued at approximately $30,000. Center for Financial Planning Inc. raised its position in shares of Marriott International by 468.6% in the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock valued at $47,000 after purchasing an additional 164 shares during the period. Banque Transatlantique SA bought a new position in shares of Marriott International in the first quarter valued at approximately $52,000. McClarren Financial Advisors Inc. bought a new position in shares of Marriott International in the first quarter valued at approximately $57,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Marriott International by 32.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 295 shares of the company’s stock valued at $70,000 after purchasing an additional 73 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $260.85 on Monday. The firm has a market capitalization of $70.81 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.57 and a beta of 1.35. The company’s fifty day moving average price is $265.52 and its two-hundred day moving average price is $260.17. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52.

Marriott International (NASDAQ:MAR) last announced 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. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 EPS. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. Analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Marriott International Dividend Announcement

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

Analyst Ratings Changes

MAR has been the topic of a number of research reports. 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 research report on Wednesday, August 6th. 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 research report on Friday, October 3rd. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a research report on Monday, June 23rd. They set a “neutral” rating and a $284.00 target price on the stock. Truist Financial boosted their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Two equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $282.63.

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.