Mechanics Financial Corp Has $1.08 Million Position in Marriott International, Inc. $MAR

Mechanics Financial Corp reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 20.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,957 shares of the company’s stock after selling 1,023 shares during the period. Mechanics Financial Corp’s holdings in Marriott International were worth $1,081,000 at the end of the most recent reporting period.

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

Marriott International Stock Up 1.8%

NASDAQ MAR opened at $266.40 on Friday. The company has a market capitalization of $72.32 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.58 and a beta of 1.35. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $307.52. The firm has a 50-day moving average price of $265.54 and a two-hundred day moving average price of $258.05.

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

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st were issued a $0.67 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International’s payout ratio is currently 30.21%.

Marriott International announced that its board has initiated a share buyback plan on Thursday, August 7th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on MAR shares. Robert W. Baird boosted their price objective on shares of Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. began 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. BMO Capital Markets reduced their target price on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Finally, Truist Financial lifted their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Two 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 company’s stock. According to MarketBeat.com, Marriott International has a consensus rating of “Moderate Buy” and a consensus target price of $281.26.

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.