Calamos Wealth Management LLC raised its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 287.1% in the first quarter, Holdings Channel reports. The institutional investor owned 5,156 shares of the company’s stock after buying an additional 3,824 shares during the quarter. Calamos Wealth Management LLC’s holdings in Marriott International were worth $1,686,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Marriott International by 2.5% during the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after acquiring an additional 218 shares in the last quarter. Empowered Funds LLC lifted its stake in Marriott International by 39.1% in the 1st quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock worth $1,383,000 after purchasing an additional 1,631 shares in the last quarter. Woodline Partners LP boosted its holdings in Marriott International by 39.6% in the 1st quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock valued at $4,605,000 after purchasing an additional 5,480 shares during the period. Intech Investment Management LLC increased its holdings in shares of Marriott International by 21.8% in the first quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock worth $1,438,000 after purchasing an additional 1,079 shares during the period. Finally, Sei Investments Co. raised its position in shares of Marriott International by 3.8% in the second quarter. Sei Investments Co. now owns 137,329 shares of the company’s stock worth $37,520,000 after buying an additional 5,007 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Marriott International
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the company’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 completion of the transaction, the executive vice president directly owned 19,827 shares in the company, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.43% of the company’s stock.
Marriott International Trading Up 0.1%
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 (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $6.59 billion. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.Marriott International’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $2.32 EPS. 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, research analysts predict that Marriott International, Inc. will post 11.64 EPS for the current year.
Marriott International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 0.8%. This is an increase from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is presently 30.64%.
Analyst Upgrades and Downgrades
MAR has been the topic of a number of research analyst reports. Barclays upped their target price on Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Wells Fargo & Company boosted their price objective on Marriott International to $446.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Truist Financial raised their target price 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. Robert W. Baird cut their target price on Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Morgan Stanley lifted their price target on shares of Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $384.73.
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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