Summit Wealth Partners LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 145.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,450 shares of the company’s stock after purchasing an additional 1,450 shares during the period. Summit Wealth Partners LLC’s holdings in Marriott International were worth $801,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MAR. Wellington Management Group LLP boosted its stake in Marriott International by 21.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock worth $2,389,635,000 after acquiring an additional 1,637,119 shares during the last quarter. Invesco Ltd. increased its stake in Marriott International by 2.7% in the fourth quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock valued at $1,377,577,000 after purchasing an additional 118,504 shares in the last quarter. Capital International Investors raised its holdings in Marriott International by 7.1% in the fourth quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock worth $1,274,475,000 after purchasing an additional 272,250 shares during the period. Norges Bank acquired a new position in shares of Marriott International in the 4th quarter valued at $812,570,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Marriott International by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock valued at $582,952,000 after buying an additional 219,579 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on MAR shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Robert W. Baird dropped their price target on Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Truist Financial boosted their price objective on Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. UBS Group raised their target price on shares of Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Finally, Sanford C. Bernstein set a $412.00 price target on shares of Marriott International in a research note on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $384.73.
Marriott International Price Performance
MAR opened at $384.19 on Tuesday. The company has a market capitalization of $101.31 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 3.15 and a beta of 1.10. The business’s 50-day moving average price is $372.38 and its two-hundred day moving average price is $341.15. Marriott International, Inc. has a 1 year low of $253.76 and a 1 year high of $410.98.
Marriott International (NASDAQ:MAR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.59 billion. During the same period last year, the company earned $2.32 earnings per share. Marriott International’s quarterly 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. Sell-side analysts anticipate that Marriott International, Inc. will post 11.64 earnings per share 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. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. This is an increase from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio (DPR) is 30.64%.
Insider Activity
In other news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 19,827 shares of the company’s stock, valued at $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.43% of the stock is owned by company insiders.
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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