Handelsbanken Fonder AB grew its stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,781 shares of the company’s stock after purchasing an additional 2,120 shares during the quarter. Handelsbanken Fonder AB’s holdings in Marriott International were worth $26,231,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its position in Marriott International by 2.7% during the fourth quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock worth $1,377,577,000 after acquiring an additional 118,504 shares during the last quarter. Capital International Investors increased its stake in shares of Marriott International by 7.1% during 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 stake in Marriott International during the 4th quarter worth approximately $812,570,000. Price T Rowe Associates Inc. MD boosted its stake in 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 purchasing an additional 219,579 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Marriott International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company’s stock valued at $502,410,000 after buying an additional 19,387 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MAR. Mizuho dropped their target price on Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a research report on Friday, August 7th. UBS Group reissued a “neutral” rating on shares of Marriott International in a report on Tuesday, August 4th. TD Cowen increased their target price on shares of Marriott International from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Truist Financial lifted their price target on shares of Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $386.65.
Marriott International Stock Up 1.5%
MAR stock opened at $354.58 on Thursday. Marriott International, Inc. has a 52 week low of $256.76 and a 52 week high of $410.98. The business has a 50-day simple moving average of $375.56 and a 200 day simple moving average of $356.13. The company has a market cap of $92.46 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10.
Marriott International (NASDAQ:MAR – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.11. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $7.19 billion. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.65 earnings per share. 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, analysts anticipate that Marriott International, Inc. will post 11.7 EPS for the current fiscal year.
Marriott International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 20th. Marriott International’s payout ratio is currently 30.26%.
Insiders Place Their Bets
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 stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the sale, the executive vice president directly owned 19,827 shares in the company, valued at $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.43% of the stock is owned by 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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