Marriott International, Inc. $MAR Stake Lowered by InTrack Investment Management Inc

InTrack Investment Management Inc reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 48.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,688 shares of the company’s stock after selling 1,556 shares during the period. InTrack Investment Management Inc’s holdings in Marriott International were worth $461,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in Marriott International in the first quarter worth $30,000. Sound Income Strategies LLC boosted its holdings in Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock worth $37,000 after purchasing an additional 50 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in Marriott International by 468.6% in the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock worth $47,000 after purchasing an additional 164 shares in the last quarter. Banque Transatlantique SA bought a new stake in Marriott International in the first quarter worth $52,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Marriott International in the first quarter worth $57,000. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of MAR opened at $267.98 on Thursday. The company has a 50-day simple moving average of $265.07 and a 200-day simple moving average of $258.77. The firm has a market capitalization of $72.75 billion, a P/E ratio of 30.21, a P/E/G ratio of 2.64 and a beta of 1.35. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data 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 net margin of 9.60% and a negative return on equity of 93.44%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 earnings per share. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International declared that its board has initiated a stock buyback program 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 programs are typically a sign that the company’s leadership believes its stock is undervalued.

Marriott International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MAR. JPMorgan Chase & Co. began coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a “neutral” rating and a $284.00 price objective for the company. Truist Financial upped their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. BMO Capital Markets decreased their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday. Finally, Barclays decreased their price target on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a report on Friday, October 3rd. Two 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. According to MarketBeat, the stock currently has a consensus 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.