Corient Private Wealth LP Trims Stake in Marriott International, Inc. $MAR

Key Points

• Corient Private Wealth reduced its Marriott stake by 2.7% in the second quarter, selling 5,744 shares and retaining 203,194 shares valued at approximately $75.3 million. Institutional investors collectively own 70.7% of Marriott.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $385.65; recent targets range from $356 to $395, alongside an upgrade to “strong buy” from China International Capital.
• Marriott reported quarterly EPS of $3.19, exceeding estimates of $3.08, while revenue rose 4.8% year over year. The company also declared a quarterly dividend of $0.73 per share, implying a 0.8% annualized yield.

Corient Private Wealth LP cut its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,194 shares of the company's stock after selling 5,744 shares during the quarter. Corient Private Wealth LP owned approximately 0.08% of Marriott International worth $75,302,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Marriott International by 2.7% during the fourth quarter. Invesco Ltd. now owns 4,440,359 shares of the company's stock worth $1,377,577,000 after buying an additional 118,504 shares in the last quarter. Capital International Investors raised its position in shares of Marriott International by 7.1% in 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 period. Norges Bank purchased a new stake in shares of Marriott International during the 4th quarter worth about $812,570,000. Price T Rowe Associates Inc. MD grew its position in shares of Marriott International by 13.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company's stock valued at $582,952,000 after acquiring an additional 219,579 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Marriott International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company's stock valued at $502,410,000 after purchasing an additional 19,387 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Truist Financial raised their price objective on Marriott International from $350.00 to $356.00 and gave the company a "hold" rating in a report on Tuesday, May 26th. BMO Capital Markets reduced their target price on Marriott International from $410.00 to $395.00 and set an "outperform" rating for the company in a research note on Tuesday, August 4th. Morgan Stanley increased their target price on Marriott International from $353.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, July 17th. China Intl Cap raised shares of Marriott International to a "strong-buy" rating in a report on Wednesday, August 12th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Marriott International in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $385.65.

Marriott International Price Performance

Shares of Marriott International stock opened at $358.67 on Thursday. The stock has a market capitalization of $93.53 billion, a P/E ratio of 37.17, a PEG ratio of 2.77 and a beta of 1.10. The business has a 50 day simple moving average of $368.15 and a two-hundred day simple moving average of $358.85. Marriott International, Inc. has a 12 month low of $256.76 and a 12 month high of $410.98.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.08 by $0.11. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the company posted $2.65 earnings per share. The business's 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. As a group, research analysts anticipate that Marriott International, Inc. will post 11.71 EPS for the current fiscal year.

Marriott International Dividend Announcement

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 issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. Marriott International's dividend payout ratio is presently 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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