Assetmark Inc. Has $16.66 Million Stake in Marriott International, Inc. $MAR

Assetmark Inc. raised its position in Marriott International, Inc. (NASDAQ:MAR) by 30.9% in the first quarter, HoldingsChannel.com reports. The fund owned 50,940 shares of the company’s stock after purchasing an additional 12,013 shares during the quarter. Assetmark Inc.’s holdings in Marriott International were worth $16,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MAR. Frederick Financial Consultants LLC grew its stake in Marriott International by 0.8% during the fourth quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock worth $1,095,000 after buying an additional 28 shares in the last quarter. Haven Capital Group Inc. raised its position in Marriott International by 0.3% during the first quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock valued at $3,292,000 after purchasing an additional 30 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Marriott International by 1.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,472 shares of the company’s stock valued at $808,000 after purchasing an additional 30 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Marriott International by 34.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 120 shares of the company’s stock valued at $37,000 after purchasing an additional 31 shares during the last quarter. Finally, Optimize Financial Inc raised its holdings in shares of Marriott International by 1.4% during the 4th quarter. Optimize Financial Inc now owns 2,284 shares of the company’s stock worth $709,000 after buying an additional 32 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAR. Susquehanna upped their price objective on Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Robert W. Baird lowered their target price on Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. 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. Finally, Barclays raised their target price on shares of Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $385.38.

Insider Activity at Marriott International

In other 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 transaction, the executive vice president owned 19,827 shares in the company, valued at approximately $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.43% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock opened at $366.24 on Monday. The firm has a market capitalization of $96.57 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.91 and a beta of 1.11. The business’s 50-day moving average price is $376.48 and its 200-day moving average price is $350.45. Marriott International, Inc. has a 12 month low of $253.76 and a 12 month high of $410.98.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.16. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $6.59 billion. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 earnings per share. 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. On average, sell-side analysts predict that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

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

Marriott International Company 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.