Cape ANN Savings Bank Decreases Position in Marriott International, Inc. $MAR

Cape ANN Savings Bank lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,460 shares of the company’s stock after selling 192 shares during the quarter. Marriott International comprises about 0.9% of Cape ANN Savings Bank’s portfolio, making the stock its 26th largest position. Cape ANN Savings Bank’s holdings in Marriott International were worth $1,492,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MAR. Creative Capital Management Investments LLC purchased a new stake in shares of Marriott International in the 2nd quarter worth $70,000. Abundance Wealth Counselors increased its position in Marriott International by 1.4% during the 2nd quarter. Abundance Wealth Counselors now owns 6,684 shares of the company’s stock valued at $1,826,000 after buying an additional 95 shares in the last quarter. Hilltop National Bank acquired a new stake in Marriott International in the 2nd quarter worth approximately $164,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Marriott International by 7.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,090 shares of the company’s stock worth $27,072,000 after acquiring an additional 6,570 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Marriott International in the 2nd quarter worth approximately $204,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.4%

Shares of NASDAQ MAR opened at $267.57 on Friday. The stock has a market cap of $72.63 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.63 and a beta of 1.35. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $307.52. The stock has a 50 day moving average of $265.31 and a two-hundred day moving average of $258.24.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm earned $2.50 earnings per share. The business’s quarterly 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. As a group, research analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were given a $0.67 dividend. The ex-dividend date was 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 presently 30.21%.

Marriott International declared that its board has authorized a share buyback program on Thursday, August 7th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MAR shares. Barclays reduced their price target on Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a research report on Friday. Robert W. Baird increased their price objective on shares of Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a report on Saturday, September 27th. BMO Capital Markets decreased their price objective on shares of Marriott International from $285.00 to $280.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Marriott International in a research note on Monday, June 23rd. They issued a “neutral” rating and a $284.00 price target for the company. Two 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.