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Marriott International, Inc. $MAR Position Lifted by SteelPeak Wealth LLC

Marriott International logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

SteelPeak Wealth LLC grew its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 294.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,551 shares of the company's stock after purchasing an additional 3,398 shares during the period. SteelPeak Wealth LLC's holdings in Marriott International were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Evelyn Partners Investment Management Services Ltd acquired a new position in Marriott International during the first quarter worth $25,000. IMG Wealth Management Inc. increased its stake in shares of Marriott International by 100.0% in the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company's stock worth $27,000 after acquiring an additional 41 shares during the last quarter. Wilkerson Advisory Group LLC increased its stake in shares of Marriott International by 127.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company's stock worth $27,000 after acquiring an additional 47 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of Marriott International during the 1st quarter worth $32,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Marriott International by 57.6% during the 1st quarter. Meeder Asset Management Inc. now owns 104 shares of the company's stock worth $34,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MAR. The Goldman Sachs Group dropped their price objective on shares of Marriott International from $405.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Argus reduced their target price on shares of Marriott International from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Friday, August 14th. Freedom Broker initiated coverage on shares of Marriott International in a report on Wednesday, October 14th. They issued a "buy" rating and a $408.00 target price on the stock. Stifel Nicolaus dropped their price target on shares of Marriott International from $365.00 to $343.00 and set a "hold" rating for the company in a research note on Monday, August 3rd. Finally, Truist Financial raised their price target on shares of Marriott International from $356.00 to $360.00 and gave the stock a "hold" rating in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $381.87.

View Our Latest Report on MAR

Marriott International News Summary

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

Insider Buying and Selling

In related news, insider David Marriott sold 3,500 shares of Marriott International stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $352.09, for a total value of $1,232,315.00. Following the completion of the transaction, the insider owned 282,383 shares in the company, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Deborah Harrison sold 3,500 shares of the company's stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the sale, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 11.43% of the company's stock.

Marriott International Stock Performance

MAR stock opened at $388.05 on Monday. The business's fifty day moving average price is $351.62 and its 200 day moving average price is $362.68. Marriott International, Inc. has a 12-month low of $256.76 and a 12-month high of $410.98. The company has a market capitalization of $101.19 billion, a PE ratio of 40.21, a P/E/G ratio of 2.92 and a beta of 1.17.

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, beating analysts' consensus estimates of $3.08 by $0.11. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. Marriott International's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the business posted $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. Research analysts predict that Marriott International, Inc. will post 11.70 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th were paid a $0.73 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. Marriott International's dividend payout ratio (DPR) is presently 30.26%.

Marriott International Profile

(Free Report)

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.

See Also

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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