Greenfield Savings Bank Decreases Holdings in Marriott International, Inc. $MAR

Greenfield Savings Bank decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 6.2% in the second quarter, Holdings Channel.com reports. The firm owned 2,971 shares of the company’s stock after selling 198 shares during the period. Greenfield Savings Bank’s holdings in Marriott International were worth $812,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Abner Herrman & Brock LLC boosted its position in Marriott International by 1.5% during the second quarter. Abner Herrman & Brock LLC now owns 71,319 shares of the company’s stock valued at $19,485,000 after buying an additional 1,047 shares during the period. McLean Asset Management Corp purchased a new stake in Marriott International during the 2nd quarter valued at about $220,000. AG2R LA Mondiale Gestion D Actifs bought a new position in Marriott International during the 1st quarter worth approximately $2,325,000. Swedbank AB increased its stake in Marriott International by 1.3% in the 1st quarter. Swedbank AB now owns 68,429 shares of the company’s stock worth $16,300,000 after purchasing an additional 881 shares during the period. Finally, Harold Davidson & Associates Inc. boosted its stake in shares of Marriott International by 0.4% during the first quarter. Harold Davidson & Associates Inc. now owns 11,186 shares of the company’s stock valued at $2,665,000 after purchasing an additional 49 shares during the period. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MAR. 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 report on Wednesday, August 20th. 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 price objective for the company. 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. Truist Financial raised their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Finally, UBS Group dropped their price target on Marriott International from $302.00 to $299.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $281.26.

Marriott International Stock Down 0.5%

Shares of MAR opened at $266.50 on Friday. The stock has a market cap of $72.34 billion, a P/E ratio of 30.05, a P/E/G ratio of 2.64 and a beta of 1.38. The business’s 50 day moving average price is $268.98 and its 200-day moving average price is $257.63. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52.

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, meeting analysts’ consensus estimates of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the company earned $2.50 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. 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 analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, August 21st will be paid a $0.67 dividend. The ex-dividend date 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 presently 30.21%.

Marriott International announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 7th that permits the company to buyback 25,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Marriott International news, insider Rajeev Menon sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owned 5,706 shares in the company, valued at approximately $1,530,805.68. This trade 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 this hyperlink. 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.