Intech Investment Management LLC increased its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 31.6% in the 4th quarter, HoldingsChannel reports. The fund owned 7,657 shares of the company’s stock after purchasing an additional 1,839 shares during the quarter. Intech Investment Management LLC’s holdings in Marriott International were worth $2,376,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in Marriott International in the third quarter worth approximately $28,000. Godfrey Financial Associates Inc. purchased a new position in Marriott International in the fourth quarter worth approximately $31,000. Rachor Investment Advisory Services LLC purchased a new position in Marriott International in the fourth quarter worth approximately $32,000. Darwin Wealth Management LLC purchased a new position in Marriott International in the second quarter worth approximately $37,000. Finally, IAG Wealth Partners LLC grew its position in Marriott International by 468.8% in the third quarter. IAG Wealth Partners LLC now owns 182 shares of the company’s stock worth $47,000 after acquiring an additional 150 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at $7,168,650.12. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.43% of the stock is owned by insiders.
Marriott International Price Performance
Marriott International (NASDAQ:MAR – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the firm posted $2.32 EPS. Marriott International’s revenue for the quarter was up 6.2% on a year-over-year basis. Marriott International has set its FY 2026 guidance at 11.380-11.630 EPS and its Q2 2026 guidance at 2.990-3.060 EPS. On average, research analysts anticipate that Marriott International, Inc. will post 11.64 earnings per share for the current year.
Marriott International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s payout ratio is presently 30.64%.
Analyst Ratings Changes
Several research firms have recently commented on MAR. Sanford C. Bernstein raised their price target on Marriott International from $400.00 to $402.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Morgan Stanley raised their price target on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a research report on Monday, May 11th. Mizuho raised their price target on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group raised their price target on Marriott International from $355.00 to $398.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and a consensus price target of $382.07.
Get Our Latest Report on Marriott International
About Marriott International
Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.
The company traces its roots to the hospitality business founded by J.
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