Brighton Jones LLC Raises Position in Marriott International, Inc. $MAR

Brighton Jones LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 144.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,320 shares of the company’s stock after buying an additional 14,951 shares during the quarter. Brighton Jones LLC’s holdings in Marriott International were worth $6,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAR. Leavell Investment Management Inc. purchased a new stake in shares of Marriott International during the second quarter worth about $240,000. AlphaQuest LLC grew its position in Marriott International by 2,750.0% during the 2nd quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Marriott International by 0.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 570,345 shares of the company’s stock valued at $155,824,000 after purchasing an additional 4,815 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of Marriott International in the second quarter worth $257,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Marriott International by 0.7% during the second quarter. Asset Management One Co. Ltd. now owns 96,570 shares of the company’s stock valued at $26,384,000 after buying an additional 705 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAR has been the subject of a number of research reports. Morgan Stanley lowered their price target on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays decreased their target price on Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a report on Friday, October 3rd. Truist Financial increased 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. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research note on Saturday. Finally, Robert W. Baird cut their price objective on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $283.17.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $271.32 on Friday. The stock has a market capitalization of $73.65 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.80 and a beta of 1.35. The firm’s 50 day simple moving average is $265.86 and its 200-day simple moving average is $261.77. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the business earned $2.50 earnings per share. 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. Analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board has initiated a share repurchase plan on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Marriott International Announces Dividend

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

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.