Voleon Capital Management LP Takes $207,000 Position in Marriott International, Inc. $MAR

Voleon Capital Management LP bought a new stake in Marriott International, Inc. (NASDAQ:MAR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 870 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Marriott International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company’s stock worth $4,820,329,000 after purchasing an additional 184,387 shares in the last quarter. Wellington Management Group LLP boosted its position 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 buying an additional 766,309 shares in the last quarter. Invesco Ltd. boosted its position 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 buying an additional 654,766 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Marriott International by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company’s stock worth $360,833,000 after buying an additional 37,212 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MAR. Robert W. Baird boosted their price objective on shares of Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Dbs Bank upgraded shares of Marriott International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. BMO Capital Markets reduced their target price 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. JPMorgan Chase & Co. started coverage on shares of Marriott International in a report on Monday, June 23rd. They issued a “neutral” rating and a $284.00 target price on the stock. Finally, Truist Financial upped their target price on shares of Marriott International from $273.00 to $278.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $281.26.

Insider Transactions at Marriott International

In related news, insider Rajeev Menon sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were 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. This represents a 30.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.68% of the company’s stock.

Marriott International Price Performance

NASDAQ MAR opened at $262.42 on Thursday. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $307.52. The company has a 50-day moving average of $269.49 and a 200-day moving average of $257.94. The company has a market cap of $71.24 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.60 and a beta of 1.38.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the company posted $2.50 EPS. The company’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, equities research analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, August 21st will be paid 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 dividend yield of 1.0%. Marriott International’s dividend payout ratio is currently 30.21%.

Marriott International announced that its board has initiated a share buyback program on Thursday, August 7th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.