McLean Asset Management Corp Buys Shares of 791 Marriott International, Inc. $MAR

McLean Asset Management Corp acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 791 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Bernard Wealth Management Corp. purchased a new stake in Marriott International in the 4th quarter valued at about $25,000. Morse Asset Management Inc purchased a new stake in shares of Marriott International during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC grew its stake in Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock valued at $37,000 after buying an additional 50 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Marriott International in the 4th quarter valued at approximately $38,000. Finally, Center for Financial Planning Inc. grew its stake in Marriott International by 468.6% in the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock valued at $47,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Activity at Marriott International

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the transaction, the insider directly owned 5,706 shares of the company’s stock, valued at $1,530,805.68. This trade represents a 30.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 10.68% of the stock is owned by insiders.

Marriott International Stock Down 0.5%

NASDAQ:MAR opened at $266.50 on Friday. The company’s 50 day moving average price is $268.98 and its 200-day moving average price is $257.80. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The stock has a market cap of $72.34 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.64 and a beta of 1.38.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $6.66 billion. During the same quarter last year, the company posted $2.50 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its board has approved a share repurchase program on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st will be paid 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 (DPR) is presently 30.21%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAR. UBS Group reduced their target price on Marriott International from $302.00 to $299.00 and set a “neutral” rating for the company in a report on Wednesday, May 21st. JPMorgan Chase & Co. assumed coverage on shares of Marriott International in a report on Monday, June 23rd. They set a “neutral” rating and a $284.00 price objective for the company. Truist Financial boosted their price target 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. Robert W. Baird boosted their price target on shares of Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Finally, BMO Capital Markets lowered their price objective 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. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $281.26.

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.