Marriott International, Inc. $MAR Position Raised by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,022 shares of the company’s stock after purchasing an additional 2,777 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Marriott International were worth $20,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MAR. Vanguard Group Inc. lifted its stake in shares of Marriott International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company’s stock worth $4,820,329,000 after acquiring an additional 184,387 shares during the period. Wellington Management Group LLP lifted its stake in Marriott International by 16.4% during the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock valued at $1,292,809,000 after purchasing an additional 766,309 shares during the last quarter. Invesco Ltd. grew its position in Marriott International by 18.9% in the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock worth $982,298,000 after buying an additional 654,766 shares during the last quarter. Alliancebernstein L.P. increased its holdings 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. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Marriott International by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company’s stock worth $360,833,000 after acquiring an additional 37,212 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Down 0.7%

Shares of MAR opened at $281.14 on Friday. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The stock’s fifty day simple moving average is $266.14 and its 200-day simple moving average is $264.57. The firm has a market capitalization of $76.32 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates 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. Analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its Board of Directors has initiated a stock buyback program 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 programs are usually a sign that the company’s leadership believes its shares are undervalued.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, November 20th. Marriott International’s dividend payout ratio is 28.30%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MAR. Morgan Stanley dropped their price target on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Truist Financial lifted their price target on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Robert W. Baird dropped their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. BMO Capital Markets raised their price objective on Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $286.40.

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.