WT Wealth Management acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,820 shares of the company’s stock, valued at approximately $1,576,000.
Other hedge funds have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in shares of Marriott International during the fourth quarter valued at $27,000. McMillan Office Inc. bought a new stake in Marriott International during the 4th quarter valued at about $27,000. Triumph Capital Management bought a new position in shares of Marriott International in the third quarter worth approximately $28,000. Basepoint Wealth LLC bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $28,000. Finally, Godfrey Financial Associates Inc. purchased a new position in Marriott International in the 4th quarter worth approximately $31,000. 70.70% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were 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 in the company, valued at approximately $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.43% of the company’s stock.
Marriott International Price Performance
Marriott International (NASDAQ:MAR – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company 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%.Marriott International’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company 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 expect that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.
Marriott International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.8%. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is presently 30.64%.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. Susquehanna lifted their target price on Marriott International from $280.00 to $385.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Sanford C. Bernstein set a $412.00 price target on Marriott International in a report on Monday, June 15th. Barclays lifted their price objective on Marriott International from $372.00 to $376.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Robert W. Baird lowered their target price on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $384.73.
Read Our Latest Analysis on MAR
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.
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