Assenagon Asset Management S.A. Decreases Stock Position in Marriott International, Inc. $MAR

Assenagon Asset Management S.A. trimmed its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 47.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,212 shares of the company’s stock after selling 24,692 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Marriott International were worth $7,435,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. acquired a new position in Marriott International during the fourth quarter worth about $25,000. Morse Asset Management Inc acquired a new position in shares of Marriott International during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC grew its position in shares of Marriott International by 46.7% in the first quarter. Sound Income Strategies LLC now owns 157 shares of the company’s stock valued at $37,000 after purchasing an additional 50 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $38,000. Finally, Center for Financial Planning Inc. boosted its stake in Marriott International by 468.6% during the first quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock worth $47,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the topic of several analyst reports. Truist Financial lifted their price target on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on shares of Marriott International in a research note on Monday, June 23rd. They set a “neutral” rating and a $284.00 target price on the stock. Robert W. Baird raised their price target on shares of Marriott International from $285.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets lowered their price objective on Marriott International from $285.00 to $280.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $281.26.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $261.84 on Wednesday. The stock has a market cap of $71.08 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.60 and a beta of 1.38. Marriott International, Inc. has a 1-year low of $205.40 and a 1-year high of $307.52. The firm has a fifty day moving average price of $266.86 and a 200 day moving average price of $257.29.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, August 5th. The company reported $2.65 earnings per share for the quarter, hitting the consensus estimate of $2.65. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The business 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 firm earned $2.50 earnings per share. The business’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. Sell-side analysts expect that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 21st. Marriott International’s dividend payout ratio is 30.21%.

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

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.