Pegasus Asset Management Inc. Grows Stock Position in Marriott International, Inc. $MAR

Pegasus Asset Management Inc. increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 36.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,426 shares of the company’s stock after purchasing an additional 3,579 shares during the quarter. Marriott International accounts for 1.4% of Pegasus Asset Management Inc.’s holdings, making the stock its 27th largest holding. Pegasus Asset Management Inc.’s holdings in Marriott International were worth $4,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. McMillan Office Inc. acquired a new position in shares of Marriott International during the fourth quarter worth about $27,000. Kemnay Advisory Services Inc. purchased a new position in Marriott International in the fourth quarter worth approximately $27,000. Triumph Capital Management acquired a new position in Marriott International during the 3rd quarter worth approximately $28,000. Basepoint Wealth LLC acquired a new position in Marriott International during the 4th quarter worth approximately $28,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Marriott International in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MAR shares. Mizuho lifted their price objective on shares of Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Wells Fargo & Company increased their price objective on Marriott International to $446.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Sanford C. Bernstein set a $412.00 target price on Marriott International in a research report on Monday, June 15th. Finally, Susquehanna upped their price target on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $384.73.

Insiders Place Their Bets

In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 11.43% of the stock is currently owned by corporate insiders.

Marriott International Stock Down 1.2%

NASDAQ:MAR opened at $378.91 on Friday. The company has a market capitalization of $99.91 billion, a PE ratio of 39.76, a P/E/G ratio of 3.05 and a beta of 1.10. Marriott International, Inc. has a 52-week low of $253.76 and a 52-week high of $410.98. The stock’s 50 day moving average price is $373.76 and its 200 day moving average price is $342.94.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 earnings per share. 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. As a group, sell-side analysts anticipate that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be given a $0.73 dividend. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 0.8%. Marriott International’s payout ratio is currently 30.64%.

Marriott International Profile

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.