IFP Advisors Inc boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 186.3% in the 3rd quarter, Holdings Channel reports. The firm owned 7,936 shares of the company’s stock after buying an additional 5,164 shares during the period. IFP Advisors Inc’s holdings in Marriott International were worth $2,067,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of MAR. Norges Bank acquired a new position in shares of Marriott International during the 2nd quarter worth $638,968,000. Wellington Management Group LLP grew its position in Marriott International by 21.7% in the third quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock valued at $2,389,635,000 after acquiring an additional 1,637,119 shares during the last quarter. Boston Partners acquired a new position in Marriott International during the second quarter worth about $196,579,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Marriott International by 7.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,921,767 shares of the company’s stock worth $1,281,825,000 after acquiring an additional 330,952 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Marriott International by 27,221.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 315,558 shares of the company’s stock valued at $86,214,000 after purchasing an additional 314,403 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.
Insider Buying and Selling
In related news, insider William P. Brown sold 9,456 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $358.25, for a total transaction of $3,387,612.00. Following the sale, the insider owned 11,000 shares in the company, valued at $3,940,750. This represents a 46.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajeev Menon sold 6,333 shares of Marriott International stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $356.61, for a total value of $2,258,411.13. Following the completion of the sale, the insider owned 9,492 shares of the company’s stock, valued at approximately $3,384,942.12. The trade was a 40.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,540 shares of company stock worth $34,274,055 over the last three months. Insiders own 10.68% of the company’s stock.
Marriott International Stock Performance
Marriott International (NASDAQ:MAR – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.03). Marriott International had a net margin of 9.93% and a negative return on equity of 84.23%. The firm had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.67 billion. During the same period in the prior year, the company posted $2.45 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Marriott International has set its FY 2026 guidance at 11.320-11.570 EPS and its Q1 2026 guidance at 2.500-2.550 EPS. Research analysts predict that Marriott International, Inc. will post 10.1 EPS for the current year.
Marriott International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, February 26th will be given a $0.67 dividend. The ex-dividend date of this dividend is Thursday, February 26th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Marriott International’s dividend payout ratio (DPR) is 28.24%.
Wall Street Analysts Forecast Growth
MAR has been the subject of a number of research analyst reports. Evercore upped their price objective on shares of Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Citigroup boosted their target price on shares of Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Wells Fargo & Company increased their price target on Marriott International from $353.00 to $403.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Barclays raised their price objective on Marriott International from $320.00 to $356.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Finally, Sanford C. Bernstein upped their target price on Marriott International from $329.00 to $369.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.47.
Read Our Latest Report on Marriott International
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.
See Also
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