Marriott International, Inc. $MAR Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Marriott position by 378.1% in the second quarter, purchasing 4,204 additional shares for a total holding valued at approximately $1.97 million. Institutional investors collectively own 70.70% of the company.
• Analysts maintain a generally positive outlook, with Marriott carrying a consensus “Moderate Buy” rating and an average price target of $385.88, despite several firms recently lowering their targets.
• Marriott shares opened at $337.24, down 0.9%, while the company reported quarterly EPS of $3.19—above the $3.08 consensus—and declared a quarterly dividend of $0.73 per share, representing a 0.9% annualized yield.

Engineers Gate Manager LP grew its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 378.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,316 shares of the company's stock after purchasing an additional 4,204 shares during the period. Engineers Gate Manager LP's holdings in Marriott International were worth $1,970,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MAR. Norges Bank acquired a new stake in Marriott International in the fourth quarter worth about $812,570,000. World Investment Advisors raised its position in shares of Marriott International by 130.8% during the 4th quarter. World Investment Advisors now owns 16,014 shares of the company's stock worth $4,968,000 after buying an additional 9,075 shares in the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Marriott International by 183.7% in the fourth quarter. Jefferies Financial Group Inc. now owns 56,180 shares of the company's stock valued at $17,429,000 after acquiring an additional 36,380 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its stake in shares of Marriott International by 37.7% during the first quarter. Dai ichi Life Insurance Company Ltd now owns 12,686 shares of the company's stock valued at $4,149,000 after acquiring an additional 3,476 shares during the period. Finally, Capital International Inc. CA raised its holdings in Marriott International by 12.0% during the fourth quarter. Capital International Inc. CA now owns 148,708 shares of the company's stock worth $46,135,000 after purchasing an additional 15,893 shares in the last quarter. Institutional investors own 70.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MAR shares. BMO Capital Markets lowered their price target on Marriott International from $410.00 to $395.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 4th. Erste Group Bank initiated coverage on Marriott International in a report on Thursday, August 27th. They set a "buy" rating on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Marriott International in a report on Friday, August 7th. UBS Group reduced their price objective on shares of Marriott International from $412.00 to $395.00 and set a "neutral" rating for the company in a research report on Thursday, August 20th. Finally, Robert W. Baird dropped their target price on shares of Marriott International from $394.00 to $393.00 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus target price of $385.88.

Marriott International Trading Down 0.9%

MAR stock opened at $337.24 on Wednesday. The firm has a market cap of $87.94 billion, a PE ratio of 34.95, a PEG ratio of 2.57 and a beta of 1.11. Marriott International, Inc. has a 1 year low of $256.76 and a 1 year high of $410.98. The company has a fifty day simple moving average of $356.19 and a 200 day simple moving average of $357.67.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, topping 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%.The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.65 earnings per share. 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, analysts forecast that Marriott International, Inc. will post 11.69 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend payout ratio (DPR) is currently 30.26%.

Marriott International Profile

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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