Marriott International, Inc. $MAR Shares Acquired by Amalgamated Bank

Amalgamated Bank lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.0% during the second quarter, Holdings Channel reports. The fund owned 49,174 shares of the company’s stock after purchasing an additional 4,065 shares during the quarter. Amalgamated Bank’s holdings in Marriott International were worth $13,435,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MAR. Alliancebernstein L.P. boosted its stake in Marriott International by 194.7% in the 1st quarter. Alliancebernstein L.P. now owns 1,709,665 shares of the company’s stock worth $407,242,000 after buying an additional 1,129,555 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Marriott International in the 2nd quarter worth about $266,084,000. Wellington Management Group LLP raised its holdings in shares of Marriott International by 16.4% in the 1st quarter. Wellington Management Group LLP now owns 5,427,410 shares of the company’s stock worth $1,292,809,000 after purchasing an additional 766,309 shares during the period. Nuveen LLC purchased a new position in shares of Marriott International in the 1st quarter worth about $166,059,000. Finally, Invesco Ltd. raised its holdings in shares of Marriott International by 18.9% in the 1st quarter. Invesco Ltd. now owns 4,123,836 shares of the company’s stock worth $982,298,000 after purchasing an additional 654,766 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.3%

MAR stock opened at $262.27 on Friday. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $307.52. The stock’s 50 day moving average is $265.92 and its two-hundred day moving average is $262.79. The company has a market capitalization of $71.20 billion, a PE ratio of 29.57, a P/E/G ratio of 2.72 and a beta of 1.35.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the business earned $2.50 EPS. Marriott International’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. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International announced that its Board of Directors has authorized a share buyback plan 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. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.67 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 1.0%. Marriott International’s payout ratio is currently 30.21%.

Analysts Set New Price Targets

A number of research firms have recently commented on MAR. Robert W. Baird cut their price objective on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Morgan Stanley cut their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. BMO Capital Markets reduced their price target on 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Finally, Barclays reduced their price target on 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. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.17.

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.