AGF Management Ltd. Reduces Stock Position in Marriott International, Inc. $MAR

AGF Management Ltd. decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 32.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,840 shares of the company’s stock after selling 1,337 shares during the period. AGF Management Ltd.’s holdings in Marriott International were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after buying an additional 218 shares during the period. Alps Advisors Inc. grew its stake in Marriott International by 40.6% in the first quarter. Alps Advisors Inc. now owns 1,741 shares of the company’s stock worth $415,000 after purchasing an additional 503 shares in the last quarter. Signaturefd LLC increased its holdings in Marriott International by 2.4% during the 1st quarter. Signaturefd LLC now owns 6,173 shares of the company’s stock worth $1,470,000 after purchasing an additional 145 shares during the period. Catalyst Financial Partners LLC raised its position in Marriott International by 11.6% during the 1st quarter. Catalyst Financial Partners LLC now owns 971 shares of the company’s stock valued at $231,000 after purchasing an additional 101 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Marriott International by 6.1% in the 1st quarter. Apollon Wealth Management LLC now owns 7,440 shares of the company’s stock worth $1,772,000 after buying an additional 427 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $291.90 on Wednesday. The business’s 50-day moving average is $267.60 and its 200 day moving average is $266.43. 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 $78.33 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.99 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. On average, analysts expect 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 repurchase plan on Thursday, August 7th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Marriott International’s payout ratio is presently 28.30%.

Insider Buying and Selling

In other news, insider William P. Brown sold 6,666 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $280.04, for a total transaction of $1,866,746.64. Following the transaction, the insider owned 11,000 shares in the company, valued at $3,080,440. This trade represents a 37.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MAR. BMO Capital Markets lifted their price objective on Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a report on Wednesday, November 5th. Robert W. Baird reduced their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Truist Financial boosted their price objective on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Finally, Morgan Stanley dropped their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $286.40.

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.