AG2R LA Mondiale Gestion D Actifs Buys Shares of 8,811 Marriott International, Inc. $MAR

AG2R LA Mondiale Gestion D Actifs bought a new stake in Marriott International, Inc. (NASDAQ:MAR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,811 shares of the company’s stock, valued at approximately $2,325,000.

Other large investors have also recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in Marriott International in the fourth quarter valued at approximately $25,000. Morse Asset Management Inc bought a new stake in shares of Marriott International during the first quarter worth $30,000. Heck Capital Advisors LLC bought a new stake in shares of Marriott International during the fourth quarter worth $38,000. Sound Income Strategies LLC raised its stake 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 valued at $37,000 after purchasing an additional 50 shares during the period. Finally, Center for Financial Planning Inc. raised its stake 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 valued at $47,000 after purchasing an additional 164 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the topic of several recent research reports. UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 21st. JPMorgan Chase & Co. started coverage on shares of Marriott International in a report on Monday, June 23rd. They set a “neutral” rating and a $284.00 target price for the company. BMO Capital Markets reduced their target price on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Robert W. Baird increased their target price on shares of Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Finally, Truist Financial increased their target price 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued 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 an average price target of $281.26.

Insider Buying and Selling

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $268.28, for a total value of $670,700.00. Following the completion of the sale, the insider owned 5,706 shares in the company, valued at $1,530,805.68. This trade represents a 30.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.68% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

Shares of MAR stock opened at $266.50 on Friday. The stock has a market cap of $72.34 billion, a P/E ratio of 30.05, a P/E/G ratio of 2.64 and a beta of 1.38. The company has a fifty day moving average price of $268.98 and a two-hundred day moving average price of $257.80. Marriott International, Inc. has a one year low of $205.40 and a one year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts’ consensus estimates of $2.65. The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.50 earnings per share. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. As a group, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st will be paid a $0.67 dividend. The ex-dividend date is 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 (DPR) is currently 30.21%.

Marriott International declared that its Board of Directors has authorized a stock buyback plan 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. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.