Hartford Funds Management Co LLC Buys Shares of 367 Marriott International, Inc. $MAR

Hartford Funds Management Co LLC acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 367 shares of the company’s stock, valued at approximately $100,000.

A number of other institutional investors have also recently added to or reduced their stakes in MAR. Brighton Jones LLC grew its stake in shares of Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after purchasing an additional 218 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Marriott International by 2.4% during the 1st quarter. Allworth Financial LP now owns 3,185 shares of the company’s stock worth $752,000 after acquiring an additional 76 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Marriott International by 40.6% during the first quarter. Alps Advisors Inc. now owns 1,741 shares of the company’s stock worth $415,000 after purchasing an additional 503 shares during the period. Xponance Inc. lifted its holdings in shares of Marriott International by 0.6% during the first quarter. Xponance Inc. now owns 32,239 shares of the company’s stock valued at $7,679,000 after purchasing an additional 187 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Marriott International by 7.9% in the 1st quarter. Ballentine Partners LLC now owns 5,579 shares of the company’s stock valued at $1,329,000 after purchasing an additional 409 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

MAR opened at $291.16 on Monday. The stock has a 50-day moving average of $266.60 and a 200-day moving average of $265.65. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The company has a market cap of $78.13 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 3.00 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. On average, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its board has initiated a stock repurchase program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally 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 will be paid on Wednesday, December 31st. Stockholders of record on Thursday, November 20th will be paid a $0.67 dividend. The ex-dividend date is Thursday, November 20th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Marriott International’s dividend payout ratio (DPR) is presently 28.30%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Robert W. Baird lowered 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 report on Tuesday, October 21st. Barclays increased their target price on Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. BMO Capital Markets upped their price target on Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $286.40.

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.