Crystal Rock Capital Management Sells 6,875 Shares of Marriott International, Inc. $MAR

Crystal Rock Capital Management lowered its stake in Marriott International, Inc. (NASDAQ:MAR) by 36.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,950 shares of the company’s stock after selling 6,875 shares during the quarter. Marriott International accounts for 1.9% of Crystal Rock Capital Management’s portfolio, making the stock its 22nd biggest position. Crystal Rock Capital Management’s holdings in Marriott International were worth $3,265,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAR. Alliancebernstein L.P. lifted its position in Marriott International by 194.7% in the first quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock valued at $407,242,000 after purchasing an additional 1,129,555 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Marriott International during the second quarter valued at approximately $266,084,000. Wellington Management Group LLP raised its holdings in shares of Marriott International by 16.4% during the first quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock valued at $1,292,809,000 after acquiring an additional 766,309 shares in the last quarter. Nuveen LLC bought a new position in shares of Marriott International during the first quarter valued at approximately $166,059,000. Finally, Invesco Ltd. raised its holdings in shares of Marriott International by 18.9% during the first quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock valued at $982,298,000 after acquiring an additional 654,766 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MAR. BMO Capital Markets decreased their target price on Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Barclays decreased their target price on Marriott International from $276.00 to $262.00 and set an “equal weight” rating for the company in a report on Friday, October 3rd. Truist Financial upped their price target on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. Finally, Robert W. Baird decreased their price objective on Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $283.17.

Marriott International Trading Down 0.6%

NASDAQ MAR opened at $260.58 on Friday. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The stock has a market cap of $70.74 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.69 and a beta of 1.35. The stock’s fifty day moving average price is $265.66 and its 200-day moving average price is $263.34.

Marriott International (NASDAQ:MAR) last released 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 negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. The company’s quarterly revenue 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. As a group, analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board has approved a share repurchase program on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 of this dividend was Thursday, August 21st. Marriott International’s dividend payout ratio is currently 30.21%.

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.