Hartford Funds Management Co LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 78.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,303 shares of the company’s stock after purchasing an additional 2,334 shares during the quarter. Hartford Funds Management Co LLC’s holdings in Marriott International were worth $1,646,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in MAR. Wellington Management Group LLP boosted its position in Marriott International by 21.7% during the third quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock valued at $2,389,635,000 after purchasing an additional 1,637,119 shares in the last quarter. Amundi boosted its position in Marriott International by 52.0% during the third quarter. Amundi now owns 741,408 shares of the company’s stock valued at $201,618,000 after purchasing an additional 253,696 shares in the last quarter. Vanguard Group Inc. raised its stake in Marriott International by 1.1% in the third quarter. Vanguard Group Inc. now owns 20,774,015 shares of the company’s stock valued at $5,410,384,000 after buying an additional 230,820 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Marriott International by 26.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 846,740 shares of the company’s stock worth $220,525,000 after acquiring an additional 175,637 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Marriott International by 516.8% in the third quarter. Franklin Resources Inc. now owns 208,990 shares of the company’s stock worth $54,429,000 after acquiring an additional 175,108 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on MAR. Robert W. Baird lowered their price target on Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Barclays raised their price target on Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Evercore raised their price target on Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price target on Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $376.13.
Insider Buying and Selling at Marriott International
In other Marriott International news, EVP Benjamin T. Breland sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $358.03, for a total value of $716,060.00. Following the completion of the transaction, the executive vice president directly owned 26,399 shares of the company’s stock, valued at approximately $9,451,633.97. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William P. Brown sold 9,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $358.25, for a total value of $3,387,612.00. Following the completion of the sale, the insider owned 11,000 shares of the company’s stock, valued at $3,940,750. This trade represents a 46.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,281 shares of company stock valued at $7,598,251. 11.43% of the stock is owned by company insiders.
Marriott International Stock Up 1.7%
Shares of NASDAQ:MAR opened at $359.18 on Tuesday. Marriott International, Inc. has a 52-week low of $253.55 and a 52-week high of $380.00. The stock has a market cap of $94.71 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.81 and a beta of 1.11. The business has a 50-day moving average price of $344.00 and a 200-day moving average price of $324.04.
Marriott International (NASDAQ:MAR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 earnings per share (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 last year, the business posted $2.32 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. 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, equities analysts anticipate that Marriott International, Inc. will post 11.65 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. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date is Friday, May 22nd. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. Marriott International’s dividend payout ratio (DPR) is 28.12%.
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.
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