Quarry LP Raises Stock Holdings in Marriott International, Inc. $MAR

Quarry LP grew its stake in Marriott International, Inc. (NASDAQ:MAR) by 426.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,924 shares of the company’s stock after buying an additional 3,178 shares during the quarter. Quarry LP’s holdings in Marriott International were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Baird Financial Group Inc. increased its position in Marriott International by 32.2% in the first quarter. Baird Financial Group Inc. now owns 61,726 shares of the company’s stock worth $14,703,000 after buying an additional 15,051 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in Marriott International by 3.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,259 shares of the company’s stock worth $300,000 after buying an additional 43 shares in the last quarter. Orbis Allan Gray Ltd increased its position in Marriott International by 4.6% in the first quarter. Orbis Allan Gray Ltd now owns 309,641 shares of the company’s stock worth $73,756,000 after buying an additional 13,750 shares in the last quarter. CreativeOne Wealth LLC grew its position in shares of Marriott International by 2.1% during 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 in the last quarter. Finally, Rafferty Asset Management LLC grew its position in shares of Marriott International by 4.3% during the first quarter. Rafferty Asset Management LLC now owns 70,713 shares of the company’s stock worth $16,844,000 after purchasing an additional 2,910 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MAR shares. Robert W. Baird increased their target price on Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Mizuho dropped their price target on Marriott International from $293.00 to $285.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. initiated coverage on Marriott International in a research note on Monday, June 23rd. They issued a “neutral” rating and a $284.00 price objective for the company. Truist Financial lowered their price objective on Marriott International from $300.00 to $273.00 and set a “hold” rating for the company in a research note on Friday, May 30th. Finally, 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 report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $281.00.

Marriott International Price Performance

Marriott International stock opened at $267.86 on Friday. The stock has a market capitalization of $72.71 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.64 and a beta of 1.44. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The business has a fifty day moving average price of $270.40 and a 200-day moving average price of $258.83.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting 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 negative return on equity of 93.44% and a net margin of 9.60%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 EPS. Marriott International has set its FY 2025 guidance at 9.850-10.080 EPS. Q3 2025 guidance at 2.310-2.390 EPS. On average, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share 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 given a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 1.0%. Marriott International’s payout ratio is currently 30.21%.

Marriott International declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 7th that authorizes the company to repurchase 25,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of Marriott International stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $268.28, for a total transaction of $670,700.00. Following the completion of the sale, the insider owned 5,706 shares of the company’s stock, valued at approximately $1,530,805.68. The trade was a 30.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 10.68% of the company’s stock.

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.