Hennessy Advisors Inc. bought a new stake in Marriott International, Inc. (NASDAQ:MAR – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,712 shares of the company’s stock, valued at approximately $2,117,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Marriott International by 2.5% in 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 boosted its stake in Marriott International by 39.1% during the 1st quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock valued at $1,383,000 after purchasing an additional 1,631 shares in the last quarter. Woodline Partners LP increased its position in shares of Marriott International by 39.6% during 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 raised its stake in shares of Marriott International by 21.8% in the 1st quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock worth $1,438,000 after buying an additional 1,079 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings 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 valued at $37,520,000 after buying an additional 5,007 shares during the period. Institutional investors own 70.70% of the company’s stock.
Wall Street Analysts Forecast Growth
MAR has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Morgan Stanley boosted their target price on shares of Marriott International from $353.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. TD Cowen lifted their price target 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. Mizuho cut their price objective on Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, Erste Group Bank began coverage on Marriott International in a research note on Thursday. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $385.65.
Marriott International Price Performance
Marriott International stock opened at $351.08 on Monday. Marriott International, Inc. has a fifty-two week low of $256.76 and a fifty-two week high of $410.98. The firm’s 50 day simple moving average is $366.40 and its 200-day simple moving average is $359.13. The company has a market cap of $91.55 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 2.72 and a beta of 1.10.
Marriott International (NASDAQ:MAR – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the prior year, the firm earned $2.65 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. 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 expect that Marriott International, Inc. will post 11.7 EPS for the current fiscal year.
Marriott International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.73 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. 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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