QRG Capital Management Inc. Sells 5,609 Shares of Marriott International, Inc. $MAR

Key Points

• QRG Capital Management reduced its Marriott stake by 23.8% in the second quarter, selling 5,609 shares and retaining 17,959 shares valued at approximately $6.7 million. Institutional investors collectively own 70.7% of Marriott’s stock.
• Analyst sentiment remains generally positive, with Marriott carrying a “Moderate Buy” consensus rating and an average price target of $385.88, although several firms recently lowered their targets.
• Marriott reported quarterly EPS of $3.19, beating estimates of $3.08, while revenue rose 4.8% year over year. The company also declared a $0.73 quarterly dividend, equivalent to a 0.8% yield.

QRG Capital Management Inc. lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 23.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,959 shares of the company's stock after selling 5,609 shares during the quarter. QRG Capital Management Inc.'s holdings in Marriott International were worth $6,655,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in Marriott International by 21.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,608 shares of the company's stock worth $967,000 after buying an additional 465 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Marriott International by 29.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 172,448 shares of the company's stock valued at $63,907,000 after acquiring an additional 39,370 shares in the last quarter. Andra AP fonden raised its holdings in Marriott International by 32.5% in the 2nd quarter. Andra AP fonden now owns 39,761 shares of the company's stock valued at $14,735,000 after acquiring an additional 9,760 shares in the last quarter. State Street Corp lifted its position in shares of Marriott International by 2.9% in the 2nd quarter. State Street Corp now owns 9,644,773 shares of the company's stock worth $3,574,256,000 after acquiring an additional 272,044 shares during the period. Finally, Anchor Investment Management LLC grew its holdings in shares of Marriott International by 336.4% during the 2nd quarter. Anchor Investment Management LLC now owns 240 shares of the company's stock worth $89,000 after purchasing an additional 185 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MAR. Barclays cut their target price on Marriott International from $379.00 to $348.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 4th. BMO Capital Markets lowered their price target on shares of Marriott International from $410.00 to $395.00 and set an "outperform" rating on the stock in a report on Tuesday, August 4th. CICC Research began coverage on shares of Marriott International in a research note on Wednesday, August 12th. They issued an "outperform" rating for the company. Robert W. Baird decreased their target price on shares of Marriott International from $394.00 to $393.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Finally, Truist Financial upped their target price on shares of Marriott International from $356.00 to $360.00 and gave the company a "hold" rating in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of "Moderate Buy" and an average price target of $385.88.

Marriott International Price Performance

Shares of MAR stock opened at $351.51 on Friday. The stock's fifty day simple moving average is $352.50 and its 200 day simple moving average is $358.03. Marriott International, Inc. has a one year low of $256.76 and a one year high of $410.98. The firm has a market cap of $91.66 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 2.63 and a beta of 1.11.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.11. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the company posted $2.65 earnings per share. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. 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. On average, research analysts anticipate that Marriott International, Inc. will post 11.69 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, August 20th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Marriott International's dividend payout ratio (DPR) is currently 30.26%.

Marriott International Company 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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