Sigma Planning Corp boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 76.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,899 shares of the company’s stock after buying an additional 2,129 shares during the period. Sigma Planning Corp’s holdings in Marriott International were worth $1,602,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new stake in shares of Marriott International in the 4th quarter valued at about $27,000. McMillan Office Inc. bought a new position in shares of Marriott International during the fourth quarter worth about $27,000. Triumph Capital Management acquired a new stake in Marriott International in the 3rd quarter valued at approximately $28,000. Basepoint Wealth LLC bought a new stake in Marriott International in the 4th quarter valued at approximately $28,000. Finally, Godfrey Financial Associates Inc. acquired a new position in Marriott International during the 4th quarter worth approximately $31,000. Institutional investors own 70.70% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Barclays lifted their target price on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price target on Marriott International from $446.00 to $449.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus raised their price target on Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a research note on Friday. Finally, Sanford C. Bernstein set a $412.00 price objective on Marriott International in a research note on Monday, June 15th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $385.38.
Marriott International Trading Down 1.3%
Shares of NASDAQ MAR opened at $366.24 on Friday. The company has a market capitalization of $96.57 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.95 and a beta of 1.11. Marriott International, Inc. has a 12 month low of $253.76 and a 12 month high of $410.98. The stock has a 50 day moving average of $376.48 and a 200-day moving average of $350.20.
Marriott International (NASDAQ:MAR – Get Free Report) last posted its quarterly earnings results 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. 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 business earned $2.32 EPS. The firm’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. Analysts predict that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.
Marriott International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was 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%.
Insider Buying and Selling
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.43% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Marriott International
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR – Free Report).
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.
