Marriott International, Inc. $MAR Shares Sold by Geode Capital Management LLC

Key Points

• Geode Capital Management trimmed its Marriott International stake by 0.1% in the fourth quarter, but still held 5.23 million shares worth about $1.62 billion, or roughly 1.95% of the company.
• Marriott reported better-than-expected earnings of $2.72 per share for the quarter and raised its quarterly dividend to $0.73 per share from $0.67, implying a 0.8% yield.
• Analysts remain cautiously positive: Marriott has a Moderate Buy consensus rating with a consensus price target of $382.07, while the stock recently traded near its 52-week high.

Geode Capital Management LLC lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,230,583 shares of the company's stock after selling 7,362 shares during the quarter. Geode Capital Management LLC owned approximately 1.95% of Marriott International worth $1,615,574,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MAR. Rachor Investment Advisory Services LLC acquired a new position in shares of Marriott International in the 4th quarter valued at $32,000. Triumph Capital Management acquired a new position in shares of Marriott International in the 3rd quarter valued at $28,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at $37,000. IAG Wealth Partners LLC boosted its holdings in shares of Marriott International by 468.8% in the 3rd quarter. IAG Wealth Partners LLC now owns 182 shares of the company's stock valued at $47,000 after purchasing an additional 150 shares during the last quarter. Finally, MMA Asset Management LLC acquired a new position in shares of Marriott International in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Insider Transactions at Marriott International

In related news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction on 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 sale, the executive vice president owned 19,827 shares of the company's stock, valued at $7,168,650.12. The trade was a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.43% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on MAR shares. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $356.00 to $383.00 and gave the company a "neutral" rating in a report on Tuesday, April 21st. Jefferies Financial Group lifted their price target on shares of Marriott International from $357.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Marriott International in a research note on Monday, May 11th. Robert W. Baird cut their target price 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. Finally, Morgan Stanley raised their target price on shares of Marriott International from $350.00 to $353.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $382.07.

Marriott International Trading Down 0.0%

Shares of MAR stock opened at $385.76 on Friday. The company's fifty day simple moving average is $351.97 and its 200-day simple moving average is $329.71. Marriott International, Inc. has a 52 week low of $253.55 and a 52 week high of $388.37. The company has a market cap of $101.72 billion, a PE ratio of 40.48, a P/E/G ratio of 3.07 and a beta of 1.11.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter last year, the firm posted $2.32 EPS. The business's revenue for the quarter 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. Equities research analysts expect that Marriott International, Inc. will post 11.66 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is a positive change from Marriott International's previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 0.8%. Marriott International's payout ratio is presently 30.64%.

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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