Penobscot Investment Management Company Inc. Grows Position in Marriott International, Inc. $MAR

Penobscot Investment Management Company Inc. boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 12.8% during the 2nd quarter, Holdings Channel reports. The firm owned 7,186 shares of the company’s stock after acquiring an additional 816 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Marriott International were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

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

Marriott International Price Performance

MAR stock opened at $267.57 on Friday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $307.52. The firm has a market capitalization of $72.63 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.63 and a beta of 1.35. The business’s 50-day moving average is $265.31 and its two-hundred day moving average is $258.24.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the business posted $2.50 EPS. The firm’s revenue 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, analysts expect that Marriott International, Inc. will post 10.1 EPS for the current year.

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

Marriott International Announces Dividend

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

Analysts Set New Price Targets

MAR has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a 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 company a “neutral” rating in a research report on Wednesday, August 20th. Barclays decreased their target price on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial increased their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Finally, 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 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.63.

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.