Saudi Central Bank Raises Position in Marriott International, Inc. $MAR

Saudi Central Bank lifted its holdings in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 81.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,300 shares of the company’s stock after purchasing an additional 6,881 shares during the quarter. Saudi Central Bank’s holdings in Marriott International were worth $5,670,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MAR. Norges Bank acquired a new stake in shares of Marriott International during the 4th quarter worth $812,570,000. Diamant Asset Management Inc. boosted its holdings in Marriott International by 32,607.0% in the first quarter. Diamant Asset Management Inc. now owns 490,605 shares of the company’s stock valued at $16,046,000 after acquiring an additional 489,105 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Marriott International by 37.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,363,845 shares of the company’s stock valued at $423,119,000 after acquiring an additional 374,497 shares during the period. Capital International Investors increased its stake in 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 acquiring an additional 272,250 shares during the last quarter. Finally, Amundi lifted its stake in shares of Marriott International by 52.0% in the 3rd quarter. Amundi now owns 741,408 shares of the company’s stock valued at $201,618,000 after purchasing an additional 253,696 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $336.51 on Monday. The company has a 50 day moving average of $361.82 and a two-hundred day moving average of $358.44. Marriott International, Inc. has a 52-week low of $256.76 and a 52-week high of $410.98. The company has a market capitalization of $87.75 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11.

Marriott International (NASDAQ:MARGet Free Report) last announced its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.11. The business had revenue of $2.01 billion during 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%. During the same period in the prior 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 anticipate that Marriott International, Inc. will post 11.7 earnings per share for the current year.

Marriott International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.73 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.92 annualized dividend and a dividend yield of 0.9%. Marriott International’s dividend payout ratio (DPR) is currently 30.26%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. CICC Research initiated coverage on shares of Marriott International in a research note on Wednesday, August 12th. They set an “outperform” rating for the company. China Intl Cap raised shares of Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. Truist Financial lifted their target price 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. Finally, Sanford C. Bernstein set a $412.00 price target on Marriott International in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $385.65.

Read Our Latest Analysis on Marriott International

Marriott International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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