PNC Financial Services Group Inc. Sells 5,536 Shares of Marriott International, Inc. $MAR

PNC Financial Services Group Inc. cut its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.3% in the first quarter, Holdings Channel reports. The firm owned 423,072 shares of the company’s stock after selling 5,536 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Marriott International were worth $138,374,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Oslo Pensjonsforsikring AS acquired a new stake in shares of Marriott International in the 1st quarter valued at approximately $95,000. Andra AP fonden acquired a new position in Marriott International during the first quarter valued at approximately $9,812,000. Wilkerson Advisory Group LLC increased its stake in Marriott International by 127.0% in the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after purchasing an additional 47 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its holdings in Marriott International by 5.0% in the first quarter. Cassaday & Co Wealth Management LLC now owns 78,050 shares of the company’s stock worth $25,528,000 after purchasing an additional 3,685 shares during the period. Finally, Commonwealth Financial Services LLC boosted its position in shares of Marriott International by 4.9% during the first quarter. Commonwealth Financial Services LLC now owns 1,758 shares of the company’s stock worth $575,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.43% of the company’s stock.

Marriott International News Roundup

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: JPMorgan, TD Cowen, and Barclays all raised their price targets on Marriott International (MAR), with TD Cowen reiterating a buy rating and implying further upside. These higher targets can support investor sentiment around the stock. Marriott price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Marriott is rolling out new growth initiatives, including its first national wedding campaign in the Philippines and new branded apartment rental projects, signaling efforts to expand beyond traditional hotel stays and tap new demand sources. Marriott International PH launches first national wedding campaign
• Positive Sentiment: The company continues to broaden its footprint with new hotel and brand openings, including City Express by Marriott’s entry into Canada and a Courtyard by Marriott project in Penang Mainland, which can reinforce long-term revenue growth. City Express by Marriott enters Canada with Port Hope opening
• Neutral Sentiment: Some commentary argues Marriott International (MAR) looks overvalued based on cash flow and earnings, and another note questioned valuation after the company’s first branded apartment rental project. These pieces may temper enthusiasm, but they do not change the company’s growth story on their own. Marriott (MAR) Stock Looks Overvalued On Cash Flow And Earnings

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $387.00 to $400.00 and gave the company a “neutral” rating in a research report on Tuesday. Truist Financial lifted their target price on Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Wells Fargo & Company raised their price target on Marriott International from $446.00 to $449.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein set a $412.00 price objective on Marriott International in a report on Monday, June 15th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and an average target price of $388.59.

Marriott International Trading Up 0.5%

MAR opened at $369.80 on Thursday. The stock has a market capitalization of $97.51 billion, a P/E ratio of 38.80, a P/E/G ratio of 2.88 and a beta of 1.11. Marriott International, Inc. has a 12 month low of $253.76 and a 12 month high of $410.98. The firm’s fifty day simple moving average is $377.50 and its 200 day simple moving average is $351.65.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the prior year, the company earned $2.32 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Marriott International has set its FY 2026 guidance at 11.380-11.630 EPS and its Q2 2026 guidance at 2.990-3.060 EPS. On average, equities research analysts predict that Marriott International, Inc. will post 11.66 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a $0.73 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s payout ratio is 30.64%.

Marriott International Company Profile

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.