Marriott International, Inc. $MAR Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,460 shares of the company’s stock after selling 192 shares during the period. Marriott International accounts for about 0.9% of Cape ANN Savings Bank’s investment portfolio, making the stock its 26th largest position. Cape ANN Savings Bank’s holdings in Marriott International were worth $1,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Marriott International during the first quarter valued at approximately $30,000. Sound Income Strategies LLC grew its position in 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 acquiring an additional 50 shares in the last quarter. Center for Financial Planning Inc. boosted its position in Marriott International by 468.6% in the 1st quarter. Center for Financial Planning Inc. now owns 199 shares of the company’s stock valued at $47,000 after buying an additional 164 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of Marriott International during the 1st quarter valued at approximately $52,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Marriott International during the first quarter worth about $57,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MAR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a research report on Saturday, September 27th. Barclays dropped their target price on shares of Marriott International from $276.00 to $262.00 and set an “equal weight” rating on the stock in a report on Friday. JPMorgan Chase & Co. assumed 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 dropped their target price 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. Finally, Truist Financial raised their price target on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $282.63.

Marriott International Price Performance

Shares of Marriott International stock opened at $267.57 on Friday. Marriott International, Inc. has a fifty-two week low of $205.40 and a fifty-two week high of $307.52. The company has a market cap of $72.63 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 2.63 and a beta of 1.35. The firm has a fifty day moving average price of $265.31 and a two-hundred day moving average price of $258.24.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting the consensus estimate of $2.65. Marriott International had a negative return on equity of 93.44% and a net margin of 9.60%.The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. The company’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. Analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International announced that its board has approved 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 repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, August 21st. Marriott International’s dividend payout ratio is currently 30.21%.

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.