Parsons Capital Management Inc. RI Sells 125 Shares of Marriott International, Inc. $MAR

Parsons Capital Management Inc. RI trimmed its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 11.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 950 shares of the company’s stock after selling 125 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Marriott International were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAR. Vanguard Group Inc. lifted its position in shares of Marriott International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company’s stock worth $4,820,329,000 after purchasing an additional 184,387 shares during the period. Wellington Management Group LLP lifted its holdings in Marriott International by 16.4% in the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock valued at $1,292,809,000 after buying an additional 766,309 shares during the period. Invesco Ltd. boosted its position in Marriott International by 18.9% during the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock valued at $982,298,000 after acquiring an additional 654,766 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Marriott International by 194.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock worth $407,242,000 after acquiring an additional 1,129,555 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Marriott International by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company’s stock valued at $360,833,000 after purchasing an additional 37,212 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.4%

MAR stock opened at $267.57 on Friday. The firm has a market capitalization of $72.63 billion, a PE ratio of 30.17, a P/E/G ratio of 2.63 and a beta of 1.35. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The stock’s 50 day moving average is $265.31 and its 200-day moving average is $258.24.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts’ consensus estimates of $2.65. The business had revenue of $6.74 billion during the quarter, compared to analyst estimates 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 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. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st were paid a $0.67 dividend. 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 (DPR) is 30.21%.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MAR shares. JPMorgan Chase & Co. initiated coverage on Marriott International in a research note on Monday, June 23rd. They set a “neutral” rating and a $284.00 target price for the company. BMO Capital Markets reduced their price objective on shares of 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. Robert W. Baird increased their target price 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. Truist Financial raised their price target 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a report on Saturday, September 27th. 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. According to data from MarketBeat, the stock presently 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.