Marriott International, Inc. (NASDAQ:MAR – Get Free Report) insider Deborah Harrison sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $352.09, for a total value of $1,232,315.00. Following the completion of the sale, the insider owned 282,383 shares in the company, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Marriott International Stock Up 0.9%
Shares of Marriott International stock traded up $3.05 during trading hours on Tuesday, reaching $361.62. 1,455,380 shares of the company’s stock were exchanged, compared to its average volume of 1,573,436. The business has a fifty day moving average of $351.93 and a two-hundred day moving average of $358.67. The company has a market capitalization of $94.30 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 2.70 and a beta of 1.11. Marriott International, Inc. has a 1 year low of $256.76 and a 1 year high of $410.98.
Marriott International (NASDAQ:MAR – Get Free Report) last posted 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. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $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. As a group, research analysts predict that Marriott International, Inc. will post 11.69 EPS for the current year.
Marriott International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, August 20th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.92 annualized dividend and a yield of 0.8%. Marriott International’s dividend payout ratio (DPR) is 30.26%.
Hedge Funds Weigh In On Marriott International
Several institutional investors and hedge funds have recently bought and sold shares of MAR. Envestnet Portfolio Solutions Inc. lifted its position in Marriott International by 21.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,608 shares of the company’s stock worth $967,000 after acquiring an additional 465 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Marriott International by 29.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 172,448 shares of the company’s stock valued at $63,907,000 after purchasing an additional 39,370 shares in the last quarter. Andra AP fonden grew its stake in Marriott International by 32.5% in the second quarter. Andra AP fonden now owns 39,761 shares of the company’s stock worth $14,735,000 after purchasing an additional 9,760 shares in the last quarter. State Street Corp lifted its holdings in Marriott International by 2.9% in the second quarter. State Street Corp now owns 9,644,773 shares of the company’s stock worth $3,574,256,000 after acquiring an additional 272,044 shares during the last quarter. Finally, Anchor Investment Management LLC increased its holdings in shares of Marriott International by 336.4% in the 2nd quarter. Anchor Investment Management LLC now owns 240 shares of the company’s stock worth $89,000 after acquiring an additional 185 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Truist Financial increased their price objective on Marriott International from $356.00 to $360.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Erste Group Bank initiated coverage on shares of Marriott International in a research report on Thursday, August 27th. They issued a “buy” rating on the stock. Stifel Nicolaus raised their price objective on shares of Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Morgan Stanley raised their price target on Marriott International from $353.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Barclays reduced their target price on Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Marriott International presently has an average rating of “Moderate Buy” and an average price target of $385.88.
Check Out Our Latest Analysis on Marriott International
About Marriott International
Marriott International, Inc NASDAQ: MAR is a global hospitality company that operates, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and premium accommodations to select-service and extended-stay properties.
The company’s brands include The Ritz-Carlton, St. Regis, JW Marriott, W Hotels, The Luxury Collection, EDITION, Marriott Hotels, Sheraton, Westin, Renaissance, Courtyard, Residence Inn, Fairfield by Marriott, SpringHill Suites, AC Hotels, Aloft, Moxy and Element.
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