HB Wealth Management LLC Trims Position in Marriott International, Inc. $MAR

HB Wealth Management LLC reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 21.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,380 shares of the company’s stock after selling 2,589 shares during the period. HB Wealth Management LLC’s holdings in Marriott International were worth $2,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. Morse Asset Management Inc purchased a new stake in Marriott International in the 1st quarter valued at about $30,000. Sound Income Strategies LLC raised its holdings 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 during the period. Center for Financial Planning Inc. raised its holdings 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 during the period. Banque Transatlantique SA purchased a new stake in Marriott International in the 1st quarter valued at about $52,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Marriott International in the 1st quarter valued at about $57,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAR has been the subject of several research reports. Robert W. Baird lifted their target price on Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Truist Financial lifted their target price on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Marriott International in a research report on Monday, June 23rd. They issued a “neutral” rating and a $284.00 target price for the company. Finally, BMO Capital Markets dropped their target price on Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $281.26.

Marriott International Stock Performance

Shares of Marriott International stock opened at $261.66 on Thursday. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52. The company has a market cap of $71.03 billion, a PE ratio of 29.50, a P/E/G ratio of 2.57 and a beta of 1.35. The business has a 50-day simple moving average of $265.67 and a 200-day simple moving average of $257.92.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting analysts’ consensus estimates of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The business had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the company posted $2.50 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

Marriott International announced that its board has authorized a stock repurchase program on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are 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.