U S Global Investors Inc. cut its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 50.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,900 shares of the company’s stock after selling 2,900 shares during the period. U S Global Investors Inc.’s holdings in Marriott International were worth $949,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $27,000. McMillan Office Inc. acquired a new position in shares of Marriott International during the 4th quarter worth approximately $27,000. Triumph Capital Management acquired a new position in shares of Marriott International during the 3rd quarter worth approximately $28,000. Basepoint Wealth LLC purchased a new stake in Marriott International in the 4th quarter valued at approximately $28,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in Marriott International during the 4th quarter valued at $31,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Robert W. Baird cut their price target on Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Truist Financial lifted their price objective on Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a research report on Tuesday, May 26th. Morgan Stanley upped their target price on shares of Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Mizuho raised their price target on shares of Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company lifted their price target on shares of Marriott International to $446.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $384.73.
Insider Activity at Marriott International
In related news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.43% of the stock is currently owned by insiders.
Marriott International Stock Up 1.0%
Shares of MAR stock traded up $3.64 during mid-day trading on Friday, hitting $376.11. 1,028,410 shares of the company’s stock were exchanged, compared to its average volume of 1,521,519. The stock has a market cap of $99.18 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 2.96 and a beta of 1.11. Marriott International, Inc. has a fifty-two week low of $253.76 and a fifty-two week high of $410.98. The stock has a 50-day simple moving average of $375.43 and a two-hundred day simple moving average of $348.38.
Marriott International (NASDAQ:MAR – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.81 billion for 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 for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, analysts anticipate that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.
Marriott International Increases Dividend
The business also recently disclosed 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 represents a $2.92 annualized dividend and a dividend yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio is presently 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.
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