Primecap Management Co. CA lessened its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 251,300 shares of the company’s stock after selling 7,860 shares during the quarter. Primecap Management Co. CA’s holdings in Marriott International were worth $93,129,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Canada Pension Plan Investment Board boosted its stake in shares of Marriott International by 2,112.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 105,783 shares of the company’s stock valued at $39,202,000 after purchasing an additional 101,001 shares in the last quarter. Castleark Management LLC lifted its stake in Marriott International by 353.5% in the 2nd quarter. Castleark Management LLC now owns 37,910 shares of the company’s stock valued at $14,049,000 after purchasing an additional 29,550 shares during the last quarter. Osterweis Capital Management Inc. boosted its position in Marriott International by 191.7% in the second quarter. Osterweis Capital Management Inc. now owns 420 shares of the company’s stock valued at $156,000 after buying an additional 276 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Marriott International by 16.3% during the second quarter. Jones Financial Companies Lllp now owns 300,075 shares of the company’s stock worth $113,209,000 after buying an additional 42,024 shares during the last quarter. Finally, Sone Capital Management LLC increased its holdings in shares of Marriott International by 312.5% during the second quarter. Sone Capital Management LLC now owns 61,051 shares of the company’s stock worth $22,625,000 after buying an additional 46,249 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on MAR shares. Stifel Nicolaus upped their target price on Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Morgan Stanley raised their price objective on shares of Marriott International from $353.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Mizuho reduced their target price on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Truist Financial raised their price target on shares of Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research note on Tuesday, May 26th. Finally, CICC Research began coverage on shares of Marriott International in a research note on Wednesday, August 12th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $385.65.
Marriott International Stock Performance
Shares of NASDAQ:MAR opened at $357.77 on Wednesday. Marriott International, Inc. has a 52-week low of $256.76 and a 52-week high of $410.98. The business’s 50 day simple moving average is $368.87 and its two-hundred day simple moving average is $358.62. The firm has a market cap of $93.30 billion, a P/E ratio of 37.07, a PEG ratio of 2.79 and a beta of 1.10.
Marriott International (NASDAQ:MAR – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the firm earned $2.65 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. On average, equities analysts forecast that Marriott International, Inc. will post 11.71 earnings per share for the current fiscal year.
Marriott International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Marriott International’s payout ratio is currently 30.26%.
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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