Marriott International, Inc. $MAR Position Cut by Carmignac Gestion

Key Points

• Carmignac Gestion cut its Marriott stake by 72.9% in the first quarter, selling 7,644 shares and retaining 2,838 shares valued at approximately $928,000.
• Other institutional investors increased their positions, and institutions collectively own 70.7% of Marriott’s stock. The shares recently traded near $372.95, with a 52-week range of $253.76 to $410.98.
• Marriott exceeded quarterly EPS expectations, reporting $2.72 versus the $2.56 consensus estimate, while revenue rose 6.2% year over year. The company also increased its quarterly dividend to $0.73, and analysts maintain a “Moderate Buy” consensus with a $388.59 target price.

Carmignac Gestion lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 72.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,838 shares of the company's stock after selling 7,644 shares during the period. Carmignac Gestion's holdings in Marriott International were worth $928,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Marriott International in the fourth quarter valued at approximately $812,570,000. FMB Wealth Management bought a new stake in Marriott International during the fourth quarter worth approximately $1,762,000. Jefferies Financial Group Inc. lifted its position in Marriott International by 183.7% in the fourth quarter. Jefferies Financial Group Inc. now owns 56,180 shares of the company's stock worth $17,429,000 after purchasing an additional 36,380 shares during the period. World Investment Advisors boosted its stake in Marriott International by 130.8% during the 4th quarter. World Investment Advisors now owns 16,014 shares of the company's stock valued at $4,968,000 after purchasing an additional 9,075 shares in the last quarter. Finally, Caprock Group LLC increased its position in shares of Marriott International by 21.9% during the 4th quarter. Caprock Group LLC now owns 16,806 shares of the company's stock valued at $5,214,000 after purchasing an additional 3,023 shares during the period. Institutional investors own 70.70% of the company's stock.

Marriott International Stock Performance

NASDAQ MAR opened at $372.95 on Monday. Marriott International, Inc. has a twelve month low of $253.76 and a twelve month high of $410.98. The stock has a 50-day simple moving average of $379.52 and a 200 day simple moving average of $354.41. The stock has a market capitalization of $98.34 billion, a PE ratio of 39.13, a P/E/G ratio of 2.92 and a beta of 1.10.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. Marriott International had a net margin of 9.72% and a negative return on equity of 80.97%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the previous year, the firm posted $2.32 EPS. The business's revenue was up 6.2% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Marriott International, Inc. will post 11.66 EPS for the current fiscal year.

Marriott International Increases Dividend

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

Insider Activity

In related news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 19,827 shares of the company's stock, valued at $7,168,650.12. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.43% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of Marriott International from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Stifel Nicolaus boosted their target price on Marriott International from $352.00 to $365.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Wells Fargo & Company upped their target price on Marriott International from $446.00 to $449.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price target on Marriott International from $387.00 to $400.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Finally, Truist Financial boosted their price target on Marriott International from $350.00 to $356.00 and gave the company a "hold" rating in a research note on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Marriott International has a consensus rating of "Moderate Buy" and a consensus target price of $388.59.

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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