Abundance Wealth Counselors Has $1.83 Million Position in Marriott International, Inc. $MAR

Abundance Wealth Counselors increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 6,684 shares of the company’s stock after acquiring an additional 95 shares during the quarter. Abundance Wealth Counselors’ holdings in Marriott International were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new position in shares of Marriott International during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC boosted its stake in Marriott International by 46.7% in the 1st quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. Center for Financial Planning Inc. boosted its stake in Marriott International by 468.6% in the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock valued at $47,000 after purchasing an additional 164 shares during the period. Banque Transatlantique SA bought a new stake in Marriott International in the 1st quarter valued at $52,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Marriott International in the 1st quarter valued at $57,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Up 1.8%

Shares of Marriott International stock opened at $266.40 on Friday. The business’s fifty day simple moving average is $265.54 and its 200 day simple moving average is $258.05. The firm has a market capitalization of $72.32 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 2.58 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.

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

Marriott International announced that its board has initiated a share buyback program on Thursday, August 7th that permits the company to repurchase 25,000,000 shares. This repurchase authorization permits the company to purchase 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 21st. Marriott International’s dividend payout ratio (DPR) is currently 30.21%.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent research reports. Truist Financial boosted their price target on Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Marriott International in a research note on Monday, June 23rd. They issued a “neutral” rating and a $284.00 price target for the company. BMO Capital Markets reduced their price target on Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Finally, Robert W. Baird upped their target price on Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.26.

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.