Marriott International, Inc. $MAR Position Cut by Carderock Capital Management Inc.

Carderock Capital Management Inc. lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.9% in the first quarter, HoldingsChannel reports. The fund owned 2,444 shares of the company’s stock after selling 100 shares during the period. Carderock Capital Management Inc.’s holdings in Marriott International were worth $582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after buying an additional 218 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in Marriott International during the fourth quarter worth approximately $52,000. OMERS ADMINISTRATION Corp lifted its position in Marriott International by 19.8% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 10,394 shares of the company’s stock worth $2,899,000 after purchasing an additional 1,720 shares during the period. NorthRock Partners LLC boosted its stake in Marriott International by 138.5% during the 4th quarter. NorthRock Partners LLC now owns 3,541 shares of the company’s stock valued at $988,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Nomura Holdings Inc. increased its position in shares of Marriott International by 44.0% during the 4th quarter. Nomura Holdings Inc. now owns 19,938 shares of the company’s stock valued at $5,562,000 after purchasing an additional 6,095 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Marriott International in a research note on Monday, June 23rd. They set a “neutral” rating and a $284.00 target price for the company. Robert W. Baird raised their price objective on shares of Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. UBS Group dropped their target price on shares of Marriott International from $302.00 to $299.00 and set a “neutral” rating on the stock in a report on Wednesday, May 21st. BMO Capital Markets cut their target price on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Finally, Truist Financial lifted their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Marriott International has an average rating of “Moderate Buy” and a consensus price target of $281.26.

Insider Activity at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total transaction of $670,700.00. Following the transaction, the insider directly owned 5,706 shares of the company’s stock, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.68% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $262.42 on Thursday. 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 $71.24 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.60 and a beta of 1.38. The company has a 50 day moving average price of $269.49 and a 200 day moving average price of $257.94.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.65. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International’s dividend payout ratio is 30.21%.

Marriott International announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.