Legal & General Group Plc Sells 107,758 Shares of Marriott International, Inc. $MAR

Legal & General Group Plc lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 8.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,162,544 shares of the company’s stock after selling 107,758 shares during the period. Legal & General Group Plc’s holdings in Marriott International were worth $430,827,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in shares of Marriott International by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock worth $1,377,577,000 after purchasing an additional 118,504 shares during the last quarter. Capital International Investors lifted its stake in shares of Marriott International by 7.1% in the 4th quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock valued at $1,274,475,000 after purchasing an additional 272,250 shares during the last quarter. Norges Bank acquired a new position in Marriott International during the fourth quarter worth $812,570,000. Price T Rowe Associates Inc. MD raised its holdings in Marriott International by 13.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock valued at $582,952,000 after buying an additional 219,579 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Marriott International by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company’s stock worth $502,410,000 after buying an additional 19,387 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Down 0.7%

MAR opened at $357.77 on Wednesday. Marriott International, Inc. has a 12-month low of $256.76 and a 12-month high of $410.98. The firm has a market capitalization of $93.30 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.79 and a beta of 1.10. The stock’s 50 day moving average price is $368.87 and its two-hundred day moving average price is $358.62.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.11. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the prior year, the business earned $2.65 earnings per share. Marriott International’s revenue for the quarter was up 4.8% compared to the same quarter last year. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. As a group, analysts anticipate that Marriott International, Inc. will post 11.71 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 20th. Marriott International’s dividend payout ratio (DPR) is currently 30.26%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Marriott International from $387.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. CICC Research initiated coverage on Marriott International in a research report on Wednesday, August 12th. They set an “outperform” rating for the company. Stifel Nicolaus increased their price target on Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a report on Friday, July 17th. UBS Group reduced their price objective on shares of Marriott International from $412.00 to $395.00 and set a “neutral” rating for the company in a research note on Thursday, August 20th. Finally, TD Cowen upped their price objective on shares of Marriott International from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.65.

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.