HighTower Advisors LLC Has $36.91 Million Stock Holdings in Marriott International, Inc. $MAR

Key Points

• HighTower Advisors increased its Marriott stake by 20.6% in the second quarter, acquiring 17,004 additional shares. Its position totaled 99,585 shares valued at approximately $36.91 million, while institutional investors collectively own 70.7% of the stock.
• Analysts maintain a generally positive outlook, with Marriott receiving a consensus “Moderate Buy” rating and an average price target of $385.65. Recent targets range from $395 to $420, though JPMorgan and UBS rate the stock neutral.
• Marriott reported quarterly EPS of $3.19, exceeding expectations of $3.08, while revenue rose 4.8% year over year. The company also declared a quarterly dividend of $0.73 per share, equivalent to an annualized yield of about 0.9%.

HighTower Advisors LLC increased its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 20.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,585 shares of the company's stock after acquiring an additional 17,004 shares during the quarter. HighTower Advisors LLC's holdings in Marriott International were worth $36,905,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Marriott International in the 1st quarter valued at $25,000. Wilkerson Advisory Group LLC raised its stake in Marriott International by 127.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company's stock worth $27,000 after buying an additional 47 shares during the period. IMG Wealth Management Inc. lifted its holdings in Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 41 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Marriott International in the fourth quarter worth about $27,000. Finally, McMillan Office Inc. bought a new position in shares of Marriott International during the 4th quarter valued at about $27,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Marriott International from $387.00 to $400.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Marriott International in a report on Friday, August 7th. Wolfe Research began coverage on shares of Marriott International in a report on Wednesday, September 2nd. They set a "hold" rating on the stock. UBS Group cut their price objective on shares of Marriott International from $412.00 to $395.00 and set a "neutral" rating on the stock in a research report on Thursday, August 20th. Finally, TD Cowen increased their target price on Marriott International from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Marriott International currently has a consensus rating of "Moderate Buy" and an average price target of $385.65.

Marriott International Stock Down 2.3%

NASDAQ MAR opened at $328.79 on Wednesday. The firm's 50 day moving average is $360.22 and its 200-day moving average is $358.08. The company has a market capitalization of $85.74 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. 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 announced its earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $7.19 billion. During the same quarter in the prior year, the company posted $2.65 earnings per share. The firm'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, sell-side analysts expect that Marriott International, Inc. will post 11.7 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, August 20th will be given a $0.73 dividend. 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 0.9%. Marriott International's payout ratio is currently 30.26%.

About Marriott International

Marriott International, Inc is a global hospitality company that operates, franchises, licenses and manages hotels, resorts and other lodging properties. Its portfolio includes full-service, luxury, select-service and extended-stay accommodations, as well as branded residences, timeshare properties and vacation experiences. Marriott also provides food and beverage, meeting and event services through many of its properties.

The company's brands include Marriott Hotels, The Ritz-Carlton, St.

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