Wesbanco Bank Inc. Sells 4,281 Shares of Marriott International, Inc. $MAR

Wesbanco Bank Inc. lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 24.8% in the first quarter, HoldingsChannel reports. The fund owned 12,988 shares of the company’s stock after selling 4,281 shares during the period. Wesbanco Bank Inc.’s holdings in Marriott International were worth $4,248,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. GHP Investment Advisors Inc. grew its position in shares of Marriott International by 1.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 11,308 shares of the company’s stock worth $3,698,000 after purchasing an additional 210 shares in the last quarter. Pegasus Asset Management Inc. boosted its stake in shares of Marriott International by 36.3% in the first quarter. Pegasus Asset Management Inc. now owns 13,426 shares of the company’s stock valued at $4,391,000 after buying an additional 3,579 shares during the period. Aaron Wealth Advisors LLC grew its position in Marriott International by 7.3% during the first quarter. Aaron Wealth Advisors LLC now owns 4,968 shares of the company’s stock worth $1,625,000 after buying an additional 340 shares in the last quarter. Haven Capital Group Inc. raised its holdings in Marriott International by 0.3% in the 1st quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock valued at $3,292,000 after acquiring an additional 30 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Marriott International during the 1st quarter valued at $9,354,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the company’s 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 sale, the executive vice president owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.43% of the stock is currently owned by insiders.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $377.31 on Friday. The firm has a 50 day moving average price of $374.03 and a two-hundred day moving average price of $343.18. The stock has a market cap of $99.49 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 3.02 and a beta of 1.10. Marriott International, Inc. has a 52-week low of $253.76 and a 52-week high of $410.98.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous 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. Analysts predict that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd. Marriott International’s payout ratio is 30.64%.

Analysts Set New Price Targets

Several research firms have commented on MAR. Susquehanna raised their target price on shares of Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. 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. UBS Group upped their target price on Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Morgan Stanley lifted their price target on Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, Mizuho upped their price objective on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Marriott International currently has a consensus rating of “Moderate Buy” and a consensus price target of $384.73.

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.