Canvas Wealth Advisors LLC Takes Position in Marriott International, Inc. $MAR

Canvas Wealth Advisors LLC purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 748 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAR. Alliancebernstein L.P. increased its stake in shares of Marriott International by 194.7% in the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock valued at $407,242,000 after buying an additional 1,129,555 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Marriott International during the 2nd quarter worth about $266,084,000. Wellington Management Group LLP increased its position in Marriott International by 16.4% in the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock valued at $1,292,809,000 after acquiring an additional 766,309 shares in the last quarter. Nuveen LLC acquired a new position in shares of Marriott International during the first quarter worth approximately $166,059,000. Finally, Invesco Ltd. grew its stake in shares of Marriott International by 18.9% during the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock valued at $982,298,000 after purchasing an additional 654,766 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR opened at $260.00 on Tuesday. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The firm has a market cap of $70.58 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 2.57 and a beta of 1.35. The firm’s fifty day moving average is $265.56 and its two-hundred day moving average is $260.49.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts’ consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The business had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the prior year, the company earned $2.50 EPS. 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. Equities analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced 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. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 21st. Marriott International’s dividend payout ratio is presently 30.21%.

Marriott International declared that its board has authorized a stock buyback plan on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective 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. Barclays cut their price target on Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research note on Friday, October 3rd. Robert W. Baird lifted their price objective on Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. began 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. Finally, BMO Capital Markets dropped their price target 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 equities research 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 data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and a consensus price target of $281.67.

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.