Marriott International, Inc. $MAR Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Marriott stake by 8.8% in the first quarter, selling 181,650 shares and retaining 1.89 million shares valued at approximately $617.5 million. Institutional investors collectively own 70.7% of Marriott.
• Marriott reported quarterly EPS of $2.72, beating estimates by $0.16, while revenue rose 6.2% year over year to $1.81 billion. The company raised its quarterly dividend from $0.67 to $0.73 per share, producing an annualized yield of 0.8%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $388.59; recent targets range from $379 to $449. Marriott shares opened at $372.95, down 0.7%.

Bank of America Corp DE cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,887,986 shares of the company's stock after selling 181,650 shares during the period. Bank of America Corp DE owned 0.72% of Marriott International worth $617,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of Marriott International during the 1st quarter valued at about $25,000. IMG Wealth Management Inc. boosted its stake in shares of Marriott International by 100.0% in the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company's stock worth $27,000 after buying an additional 41 shares during the last quarter. Wilkerson Advisory Group LLC grew its holdings in Marriott International by 127.0% during the first 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 period. Kemnay Advisory Services Inc. purchased a new position in Marriott International during the fourth quarter valued at approximately $27,000. Finally, McMillan Office Inc. acquired a new position in Marriott International in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Marriott International Stock Down 0.7%

MAR opened at $372.95 on Friday. The company has a market cap of $98.34 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 2.92 and a beta of 1.11. Marriott International, Inc. has a twelve month low of $253.76 and a twelve month high of $410.98. The company has a 50-day moving average price of $379.52 and a 200 day moving average price of $354.20.

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 negative return on equity of 80.97% and a net margin of 9.72%.The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $6.59 billion. During the same period in the previous year, the firm posted $2.32 EPS. Marriott International'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, sell-side analysts expect that Marriott International, Inc. will post 11.66 earnings per share for the current year.

Marriott International Increases Dividend

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

Insider Activity at Marriott International

In other news, EVP Peggy Roe sold 3,000 shares of the firm's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares of the company's stock, valued at approximately $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 11.43% of the stock is owned by company insiders.

Analysts Set New Price Targets

MAR has been the topic of a number of analyst reports. Robert W. Baird dropped their price objective on shares of Marriott International from $388.00 to $386.00 and set a "neutral" rating on the stock in a research note on Thursday, May 7th. Sanford C. Bernstein set a $412.00 price target on shares of Marriott International in a report on Monday, June 15th. TD Cowen raised their price target 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. Barclays upped their price objective on shares of Marriott International from $376.00 to $379.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their target price on shares of Marriott International from $446.00 to $449.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Marriott International has an average rating of "Moderate Buy" and an average target price of $388.59.

Marriott International Profile

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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