State of Michigan Retirement System Reduces Holdings in Marriott International, Inc. $MAR

State of Michigan Retirement System decreased its position in Marriott International, Inc. (NASDAQ:MAR) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,836 shares of the company’s stock after selling 200 shares during the period. State of Michigan Retirement System’s holdings in Marriott International were worth $16,894,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Marriott International in the 2nd quarter worth approximately $38,000. Aviance Capital Partners LLC acquired a new position in shares of Marriott International in the 2nd quarter worth approximately $488,000. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Marriott International by 2.9% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 4,394 shares of the company’s stock worth $1,201,000 after acquiring an additional 122 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in shares of Marriott International by 28.3% in the 2nd quarter. Simon Quick Advisors LLC now owns 1,393 shares of the company’s stock worth $381,000 after acquiring an additional 307 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Marriott International by 6.5% in the 2nd quarter. Strs Ohio now owns 80,548 shares of the company’s stock worth $22,007,000 after acquiring an additional 4,896 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Down 0.6%

Shares of NASDAQ:MAR opened at $260.58 on Monday. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The company’s 50 day moving average is $265.66 and its two-hundred day moving average is $263.65. The company has a market cap of $70.74 billion, a PE ratio of 29.38, a P/E/G ratio of 2.69 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, August 5th. The company reported $2.65 EPS for the quarter, meeting analysts’ consensus estimates of $2.65. The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.66 billion. Marriott International had a net margin of 9.60% and a negative return on equity of 93.44%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. 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 expect that Marriott International, Inc. will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, August 21st were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 21st. Marriott International’s dividend payout ratio (DPR) is 30.21%.

Marriott International declared that its board has approved a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. 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. Robert W. Baird reduced their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Truist Financial increased their target price on shares of Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Finally, Morgan Stanley reduced their target price on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marriott International has a consensus rating of “Moderate Buy” and a consensus target price of $283.17.

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.