Primecap Management Co. CA cut its holdings in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 251,300 shares of the company's stock after selling 7,860 shares during the quarter. Primecap Management Co. CA owned about 0.10% of Marriott International worth $93,129,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Evelyn Partners Investment Management Services Ltd bought a new position in Marriott International during the first quarter worth about $25,000. Wilkerson Advisory Group LLC raised its position 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 valued at $27,000 after acquiring an additional 47 shares during the period. IMG Wealth Management Inc. boosted its stake in Marriott International by 100.0% during 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. Kemnay Advisory Services Inc. acquired a new position in Marriott International during the fourth quarter valued at approximately $27,000. Finally, McMillan Office Inc. bought a new stake in Marriott International in the fourth quarter valued at approximately $27,000. 70.70% of the stock is owned by institutional investors and hedge funds.
Marriott International Trading Down 0.7%
Shares of MAR opened at $357.77 on Wednesday. The company's fifty day simple moving average is $368.87 and its 200 day simple moving average is $358.62. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98. The company has a market cap of $93.30 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.79 and a beta of 1.10.
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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate 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 revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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, research analysts forecast that Marriott International, Inc. will post 11.71 earnings per share for the current year.
Marriott International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.73 per share. 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 0.8%. Marriott International's dividend payout ratio (DPR) is currently 30.26%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on MAR. Wells Fargo & Company reduced their price target on shares of Marriott International from $449.00 to $425.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 4th. CICC Research started coverage on Marriott International in a research note on Wednesday, August 12th. They issued an "outperform" rating for the company. Sanford C. Bernstein set a $412.00 price target on Marriott International in a research report on Monday, June 15th. Robert W. Baird cut their price objective on Marriott International from $394.00 to $393.00 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Finally, China Intl Cap raised Marriott International to a "strong-buy" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $385.65.
Check Out Our Latest Stock Report on Marriott International
Marriott International Company Profile
(
Free Report)
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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