Fishman Jay A Ltd. MI Sells 162 Shares of Marriott International, Inc. $MAR

Fishman Jay A Ltd. MI reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,459 shares of the company’s stock after selling 162 shares during the period. Fishman Jay A Ltd. MI’s holdings in Marriott International were worth $399,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Nissay Asset Management Corp Japan ADV raised its position in shares of Marriott International by 9.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 62,995 shares of the company’s stock valued at $15,005,000 after purchasing an additional 5,482 shares during the period. Permanens Capital L.P. increased its position in Marriott International by 15.6% during the first quarter. Permanens Capital L.P. now owns 15,396 shares of the company’s stock worth $3,667,000 after acquiring an additional 2,076 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Marriott International by 3.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 219,939 shares of the company’s stock valued at $52,389,000 after buying an additional 8,149 shares during the last quarter. Swedbank AB lifted its position in shares of Marriott International by 1.3% in the 1st quarter. Swedbank AB now owns 68,429 shares of the company’s stock worth $16,300,000 after acquiring an additional 881 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Marriott International by 11.9% in the first quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company’s stock valued at $3,202,000 after purchasing an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $267.57 on Monday. The stock has a market capitalization of $72.63 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 2.64 and a beta of 1.35. The business has a fifty day moving average price of $265.31 and a 200 day moving average price of $258.40. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, meeting 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 company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the company posted $2.50 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. 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 analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International declared that its board has authorized a stock repurchase program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 21st. Marriott International’s dividend payout ratio is presently 30.21%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MAR shares. Robert W. Baird boosted their price target on shares of Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. started coverage on shares of Marriott International in a research note on Monday, June 23rd. They issued a “neutral” rating and a $284.00 target price on the stock. Barclays decreased their price objective on Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a report on Friday. Truist Financial increased their target price on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Finally, BMO Capital Markets decreased their price target on 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. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $282.63.

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.