Platform Wealth Management LLC Purchases Shares of 32,926 Marriott International, Inc. $MAR

Platform Wealth Management LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 32,926 shares of the company’s stock, valued at approximately $10,215,000. Marriott International comprises approximately 2.7% of Platform Wealth Management LLC’s portfolio, making the stock its 13th biggest position.

Other hedge funds also recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in Marriott International during the third quarter valued at about $28,000. Basepoint Wealth LLC purchased a new stake in Marriott International during the fourth quarter valued at about $28,000. Godfrey Financial Associates Inc. purchased a new stake in Marriott International during the fourth quarter valued at about $31,000. Rachor Investment Advisory Services LLC purchased a new stake in Marriott International during the fourth quarter valued at about $32,000. Finally, Darwin Wealth Management LLC purchased a new stake in Marriott International during the second quarter valued at about $37,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MAR. Wells Fargo & Company upped their price objective on shares of Marriott International to $446.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Mizuho upped their price objective on shares of Marriott International from $343.00 to $384.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Jefferies Financial Group upped their price objective on shares of Marriott International from $357.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Barclays increased their price target on shares of Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $382.07.

Marriott International Price Performance

NASDAQ MAR opened at $376.78 on Thursday. The company has a 50 day simple moving average of $356.16 and a 200-day simple moving average of $332.11. The firm has a market capitalization of $99.35 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 2.97 and a beta of 1.10. Marriott International, Inc. has a 52-week low of $253.55 and a 52-week high of $388.37.

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

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. 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. Marriott International’s payout ratio is currently 30.64%.

Insiders Place Their Bets

In related news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.43% of the company’s stock.

About Marriott International

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.