12,979 Shares in Marriott International, Inc. $MAR Acquired by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,979 shares of the company’s stock, valued at approximately $3,546,000. Marriott International accounts for about 1.9% of Armstrong Fleming & Moore Inc’s portfolio, making the stock its 9th largest position.

Other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. raised its stake in shares of Marriott International by 194.7% during the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock valued at $407,242,000 after acquiring an additional 1,129,555 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Marriott International during the 2nd quarter worth $266,084,000. Wellington Management Group LLP boosted its stake in Marriott International by 16.4% in the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock worth $1,292,809,000 after purchasing an additional 766,309 shares during the period. Nuveen LLC bought a new stake in shares of Marriott International during the 1st quarter valued at about $166,059,000. Finally, Invesco Ltd. raised its holdings in shares of Marriott International by 18.9% during the 1st quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock valued at $982,298,000 after buying an additional 654,766 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAR shares. JPMorgan Chase & Co. initiated coverage on Marriott International in a report on Monday, June 23rd. They issued a “neutral” rating and a $284.00 target price on the stock. Robert W. Baird increased their price target on Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Barclays lowered their price objective on Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. Truist Financial raised their price objective on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Finally, BMO Capital Markets cut their price target on Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Two research 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 stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Moderate Buy” and a consensus price target of $282.63.

Marriott International Trading Up 0.2%

Shares of Marriott International stock opened at $267.98 on Thursday. The stock has a market cap of $72.75 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 2.64 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 company has a 50-day moving average of $265.07 and a two-hundred day moving average of $258.77.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting analysts’ consensus estimates of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. 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, sell-side analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

Marriott International announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.