OP Asset Management Ltd Purchases New Position in Marriott International, Inc. $MAR

OP Asset Management Ltd acquired a new stake in Marriott International, Inc. (NASDAQ:MAR) in the first quarter, according to its most recent filing with the SEC. The fund acquired 23,355 shares of the company’s stock, valued at approximately $7,639,000.

A number of other large investors have also recently made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new position in Marriott International in the 4th quarter worth about $27,000. McMillan Office Inc. purchased a new stake in shares of Marriott International in the fourth quarter worth about $27,000. Triumph Capital Management bought a new position in shares of Marriott International in the third quarter valued at approximately $28,000. Basepoint Wealth LLC purchased a new position in Marriott International during the fourth quarter valued at approximately $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Marriott International during the 4th quarter worth approximately $31,000. 70.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the completion of the sale, the executive vice president owned 19,827 shares in the company, valued at $7,168,650.12. The trade was a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MAR shares. Sanford C. Bernstein set a $412.00 price target on shares of Marriott International in a report on Monday, June 15th. Susquehanna increased their price objective on Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Barclays boosted their target price on Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Truist Financial raised their price target on Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley boosted their price objective on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and an average price target of $384.73.

Marriott International Stock Performance

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

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. The firm’s revenue 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. As a group, analysts forecast that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.

Marriott International Increases Dividend

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

Marriott International Company 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.