US Bancorp DE Raises Stake in Marriott International, Inc. $MAR

US Bancorp DE lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,766 shares of the company’s stock after buying an additional 2,655 shares during the quarter. US Bancorp DE’s holdings in Marriott International were worth $25,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Marriott International by 0.9% during the first quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company’s stock worth $4,820,329,000 after buying an additional 184,387 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Marriott International by 16.4% in the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock worth $1,292,809,000 after acquiring an additional 766,309 shares during the last quarter. Invesco Ltd. boosted its position in shares of Marriott International by 18.9% in the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock worth $982,298,000 after acquiring an additional 654,766 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Marriott International by 194.7% in the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock worth $407,242,000 after acquiring an additional 1,129,555 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Marriott International by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company’s stock worth $360,833,000 after acquiring an additional 37,212 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Down 2.2%

NASDAQ MAR opened at $260.20 on Friday. The company’s fifty day simple moving average is $265.21 and its 200-day simple moving average is $259.02. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The stock has a market cap of $70.63 billion, a P/E ratio of 29.33, a PEG ratio of 2.62 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last posted its earnings results 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 business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the company posted $2.50 earnings per share. The business’s revenue for the quarter 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, research analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

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

Marriott International announced that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Barclays reduced their price target on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a research report on Friday, October 3rd. Robert W. Baird lifted their price target on shares of Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Truist Financial lifted their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.63.

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.