Empowered Funds LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 151.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 24,218 shares of the company's stock after purchasing an additional 14,595 shares during the period. Empowered Funds LLC's holdings in Marriott International were worth $7,921,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in MAR. Parallel Advisors LLC increased its stake in Marriott International by 4.3% in the 1st quarter. Parallel Advisors LLC now owns 3,876 shares of the company's stock worth $1,268,000 after purchasing an additional 160 shares during the period. NewEdge Advisors LLC grew its stake in shares of Marriott International by 3.6% in the first quarter. NewEdge Advisors LLC now owns 43,948 shares of the company's stock worth $14,374,000 after acquiring an additional 1,543 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Marriott International by 0.9% during the first quarter. Glenmede Trust Co. NA now owns 18,553 shares of the company's stock valued at $6,068,000 after acquiring an additional 159 shares in the last quarter. Verus Capital Partners LLC increased its holdings in shares of Marriott International by 9.4% during the first quarter. Verus Capital Partners LLC now owns 1,568 shares of the company's stock valued at $513,000 after acquiring an additional 135 shares in the last quarter. Finally, Groupe la Francaise purchased a new position in shares of Marriott International in the 1st quarter worth about $784,000. 70.70% of the stock is owned by institutional investors and hedge funds.
Marriott International Trading Up 1.2%
Shares of NASDAQ:MAR opened at $356.72 on Friday. The company has a market cap of $93.02 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.77 and a beta of 1.10. Marriott International, Inc. has a 12 month low of $256.76 and a 12 month high of $410.98. The company has a 50-day moving average price of $374.18 and a 200 day moving average price of $356.36.
Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) 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 analyst estimates of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $2.65 EPS. 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, equities analysts forecast that Marriott International, Inc. will post 11.7 EPS for the current year.
Marriott International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be given 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 yield of 0.8%. Marriott International's dividend payout ratio (DPR) is 30.26%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on MAR shares. Truist Financial raised their price objective on shares of Marriott International from $350.00 to $356.00 and gave the company a "hold" rating in a research note on Tuesday, May 26th. Weiss Ratings reiterated a "buy (b)" rating on shares of Marriott International in a report on Friday, August 7th. Stifel Nicolaus raised their price target 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. Wells Fargo & Company lowered their price objective on Marriott International from $449.00 to $425.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $412.00 price target on Marriott International in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $386.65.
Read Our Latest Stock Analysis on MAR
Insider Activity at Marriott International
In other news, EVP Peggy Roe sold 3,000 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the sale, the executive vice president directly owned 19,827 shares of the company's stock, valued at $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.43% of the company's stock.
About Marriott International
(
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
Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR - Free Report).
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