Segment Wealth Management LLC Reduces Stake in Marriott International, Inc. $MAR

Segment Wealth Management LLC lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 59,864 shares of the company’s stock after selling 100 shares during the period. Segment Wealth Management LLC’s holdings in Marriott International were worth $16,355,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MAR. Morse Asset Management Inc bought a new position in shares of Marriott International in the 1st quarter worth approximately $30,000. Sound Income Strategies LLC raised its position in shares of Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock worth $37,000 after acquiring an additional 50 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of Marriott International by 468.6% in the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock worth $47,000 after acquiring an additional 164 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Marriott International in the 1st quarter worth approximately $52,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Marriott International in the 1st quarter worth approximately $57,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.4%

Marriott International stock opened at $267.57 on Friday. The firm has a market cap of $72.63 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.63 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 stock has a fifty day simple moving average of $265.31 and a two-hundred day simple moving average of $258.24.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, hitting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. Marriott International’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, equities research analysts forecast that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International announced that its Board of Directors has approved a stock buyback program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. BMO Capital Markets reduced their price objective on Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Robert W. Baird raised their price objective on Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. assumed coverage on Marriott International in a research report on Monday, June 23rd. They set a “neutral” rating and a $284.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research report on Saturday, September 27th. Two equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.63.

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.