Patton Albertson Miller Group LLC Purchases Shares of 865 Marriott International, Inc. $MAR

Patton Albertson Miller Group LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 865 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also modified their holdings of MAR. Morse Asset Management Inc acquired a new position in shares of Marriott International in the first quarter valued at about $30,000. Sound Income Strategies LLC increased its holdings in shares of Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. Center for Financial Planning Inc. raised its position in Marriott International by 468.6% during the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock valued at $47,000 after acquiring an additional 164 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Marriott International in the 1st quarter worth approximately $52,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Marriott International during the 1st quarter worth approximately $57,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAR has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a research note on Monday, June 23rd. They set a “neutral” rating and a $284.00 price objective on the stock. Truist Financial raised their price objective 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. Finally, Robert W. Baird raised their price objective on Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and an average price target of $281.26.

Marriott International Price Performance

NASDAQ MAR opened at $264.21 on Monday. The company has a market cap of $71.72 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.38. The stock’s 50 day simple moving average is $266.25 and its 200-day simple moving average is $257.71. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting the consensus estimate of $2.65. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 21st. Marriott International’s dividend payout ratio (DPR) is 30.21%.

Marriott International declared that its board has authorized a stock repurchase 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 typically an indication that the company’s board of directors believes its stock is undervalued.

Marriott International 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.