Mirae Asset Global Investments Co. Ltd. Buys 6,570 Shares of Marriott International, Inc. $MAR

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 7.1% during the second quarter, HoldingsChannel.com reports. The firm owned 99,090 shares of the company’s stock after purchasing an additional 6,570 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Marriott International were worth $27,072,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAR. Brighton Jones LLC raised its stake in shares of Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after purchasing an additional 218 shares during the period. NBC Securities Inc. grew its position in Marriott International by 53,700.0% during the first quarter. NBC Securities Inc. now owns 1,614 shares of the company’s stock worth $384,000 after buying an additional 1,611 shares in the last quarter. Merit Financial Group LLC grew its position in Marriott International by 33.1% during the first quarter. Merit Financial Group LLC now owns 5,587 shares of the company’s stock worth $1,331,000 after buying an additional 1,390 shares in the last quarter. Pitti Group Wealth Management LLC grew its position in Marriott International by 2.8% during the first quarter. Pitti Group Wealth Management LLC now owns 2,457 shares of the company’s stock worth $585,000 after buying an additional 67 shares in the last quarter. Finally, Constitution Capital LLC grew its position in Marriott International by 81.8% during the first quarter. Constitution Capital LLC now owns 2,000 shares of the company’s stock worth $476,000 after buying an additional 900 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MAR has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Marriott International in a research report on Monday, June 23rd. They set a “neutral” rating and a $284.00 target price for the company. Truist Financial boosted their target price on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Robert W. Baird boosted their target price on Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a report on Saturday, September 27th. Finally, Barclays cut their price objective on Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.63.

Marriott International Trading Up 0.4%

MAR opened at $267.57 on Friday. The stock has a 50-day moving average price of $265.31 and a 200-day moving average price of $258.24. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The stock has a market capitalization of $72.63 billion, a P/E ratio of 30.17, a PEG ratio of 2.63 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last issued 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 company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.Marriott International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 EPS. 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 predict that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were issued 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 dividend payout ratio is currently 30.21%.

Marriott International announced that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is 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.