NBT Bank N A NY Sells 45 Shares of Marriott International, Inc. $MAR

NBT Bank N A NY lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,983 shares of the company’s stock after selling 45 shares during the period. NBT Bank N A NY’s holdings in Marriott International were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MAR. Pallas Capital Advisors LLC grew its stake in shares of Marriott International by 0.4% in the second quarter. Pallas Capital Advisors LLC now owns 8,649 shares of the company’s stock worth $2,363,000 after purchasing an additional 37 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Marriott International by 2.1% in the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock worth $436,000 after purchasing an additional 38 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in shares of Marriott International by 0.3% in the first quarter. Motley Fool Asset Management LLC now owns 12,824 shares of the company’s stock worth $3,055,000 after purchasing an additional 39 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Marriott International by 1.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,387 shares of the company’s stock valued at $569,000 after acquiring an additional 40 shares during the last quarter. Finally, 4J Wealth Management LLC boosted its position in Marriott International by 3.6% during the first quarter. 4J Wealth Management LLC now owns 1,224 shares of the company’s stock valued at $292,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.2%

Shares of NASDAQ MAR opened at $267.98 on Thursday. The firm’s 50-day moving average price is $265.07 and its 200-day moving average price is $258.77. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The firm has a market capitalization of $72.75 billion, a P/E ratio of 30.21, a P/E/G ratio of 2.64 and a beta of 1.35.

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

Marriott International announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Marriott International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on MAR shares. Barclays cut their price target on shares of 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday. Robert W. Baird upped their price target on shares of Marriott International from $285.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Truist Financial upped their price target on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets cut their price target on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.63.

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.