NewEdge Wealth LLC Increases Stake in Marriott International, Inc. $MAR

NewEdge Wealth LLC boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 52.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,425 shares of the company’s stock after purchasing an additional 2,201 shares during the quarter. NewEdge Wealth LLC’s holdings in Marriott International were worth $1,993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Riversedge Advisors LLC increased its stake in shares of Marriott International by 3.0% during the fourth quarter. Riversedge Advisors LLC now owns 1,149 shares of the company’s stock valued at $357,000 after purchasing an additional 33 shares in the last quarter. Modera Wealth Management LLC increased its holdings in shares of Marriott International by 0.7% during the fourth quarter. Modera Wealth Management LLC now owns 4,747 shares of the company’s stock valued at $1,473,000 after acquiring an additional 33 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in shares of Marriott International by 3.3% during the third quarter. Catalyst Financial Partners LLC now owns 1,104 shares of the company’s stock valued at $288,000 after acquiring an additional 35 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Marriott International by 3.7% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 970 shares of the company’s stock valued at $301,000 after acquiring an additional 35 shares in the last quarter. Finally, Lazari Capital Management Inc. increased its holdings in shares of Marriott International by 1.6% during the third quarter. Lazari Capital Management Inc. now owns 2,356 shares of the company’s stock valued at $614,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the subject of several analyst reports. Truist Financial raised their price target on shares of Marriott International from $283.00 to $350.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Wells Fargo & Company lifted their target price on shares of Marriott International to $446.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Susquehanna boosted their price target on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on Marriott International from $355.00 to $398.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $373.93.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider Rajeev Menon sold 6,333 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $356.61, for a total transaction of $2,258,411.13. Following the completion of the transaction, the insider owned 9,492 shares of the company’s stock, valued at $3,384,942.12. This represents a 40.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Drew Pinto sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $359.81, for a total value of $1,439,240.00. Following the transaction, the executive vice president owned 8,221 shares of the company’s stock, valued at $2,957,998.01. This represents a 32.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 95,540 shares of company stock worth $34,274,055. Insiders own 11.43% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $350.23 on Wednesday. Marriott International, Inc. has a 1-year low of $253.55 and a 1-year high of $380.00. The company has a market capitalization of $92.35 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.98 and a beta of 1.11. The business has a 50 day simple moving average of $342.39 and a two-hundred day simple moving average of $321.65.

Marriott International (NASDAQ:MAR) last posted its quarterly 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. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the prior year, the company posted $2.32 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. 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. Sell-side analysts anticipate that Marriott International, Inc. will post 11.59 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. Marriott International’s payout ratio is currently 28.12%.

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.