Invesco Ltd. cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,321,855 shares of the company’s stock after selling 8,801 shares during the quarter. Invesco Ltd. owned about 1.61% of Marriott International worth $1,125,584,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MAR. National Pension Service boosted its position in Marriott International by 1.6% during the third quarter. National Pension Service now owns 603,431 shares of the company’s stock worth $157,158,000 after purchasing an additional 9,530 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Marriott International in the 3rd quarter worth about $858,000. Legal & General Group Plc grew its stake in Marriott International by 9.3% in the 3rd quarter. Legal & General Group Plc now owns 1,465,420 shares of the company’s stock valued at $381,654,000 after acquiring an additional 124,759 shares during the last quarter. Headwater Capital Co Ltd purchased a new position in Marriott International during the 2nd quarter valued at about $21,857,000. Finally, Lansforsakringar Fondforvaltning AB publ raised its position in Marriott International by 5.8% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 73,759 shares of the company’s stock worth $19,210,000 after acquiring an additional 4,067 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Evercore increased their price target on shares of Marriott International from $320.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Marriott International in a report on Thursday, January 22nd. Morgan Stanley raised their price target on Marriott International from $328.00 to $331.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup boosted their price target on Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Truist Financial increased their price objective on Marriott International from $283.00 to $350.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $343.47.
Marriott International Trading Down 3.1%
NASDAQ MAR opened at $316.31 on Friday. The business’s 50-day moving average price is $330.92 and its 200 day moving average price is $298.13. Marriott International, Inc. has a twelve month low of $205.40 and a twelve month high of $370.00. The company has a market capitalization of $83.82 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 2.88 and a beta of 1.09.
Marriott International (NASDAQ:MAR – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.03). Marriott International had a net margin of 9.93% and a negative return on equity of 84.23%. The company had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same period in the prior year, the company earned $2.45 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. Marriott International has set its FY 2026 guidance at 11.320-11.570 EPS and its Q1 2026 guidance at 2.500-2.550 EPS. Equities analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.
Marriott International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, February 26th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 26th. Marriott International’s dividend payout ratio (DPR) is 28.24%.
Insider Activity at Marriott International
In other news, EVP Drew Pinto sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $359.81, for a total transaction of $1,439,240.00. Following the completion of the sale, the executive vice president directly owned 8,221 shares in the company, valued at $2,957,998.01. This represents a 32.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Rajeev Menon sold 3,492 shares of Marriott International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $354.00, for a total value of $1,236,168.00. Following the completion of the transaction, the insider owned 6,000 shares in the company, valued at $2,124,000. The trade was a 36.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 97,157 shares of company stock worth $34,768,825. 10.68% of the stock is owned by corporate 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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