Maryland State Retirement & Pension System Buys 339 Shares of Marriott International, Inc. $MAR

Maryland State Retirement & Pension System raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,064 shares of the company’s stock after purchasing an additional 339 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Marriott International were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its position in Marriott International by 9.5% during 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 last quarter. Permanens Capital L.P. lifted 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 worth $3,667,000 after acquiring an additional 2,076 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $52,389,000 after acquiring an additional 8,149 shares during the last quarter. Swedbank AB lifted its holdings 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 last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Marriott International by 11.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 13,441 shares of the company’s stock worth $3,202,000 after acquiring an additional 1,432 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Down 2.2%

NASDAQ:MAR opened at $260.20 on Friday. The company has a fifty day moving average of $265.21 and a 200 day moving average of $259.02. The firm has a market capitalization of $70.63 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.62 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 issued 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 business had revenue of $6.74 billion for 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 company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 21st. Marriott International’s payout ratio is presently 30.21%.

Marriott International declared that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MAR. Barclays lowered their price objective 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. BMO Capital Markets lowered 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 report on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday. 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. Finally, Robert W. Baird upped 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. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.63.

Marriott International 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.