Marriott International, Inc. $MAR Stock Holdings Cut by Legal & General Group Plc

Legal & General Group Plc lessened its position in Marriott International, Inc. (NASDAQ:MAR) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,162,544 shares of the company’s stock after selling 107,758 shares during the period. Legal & General Group Plc owned approximately 0.45% of Marriott International worth $430,827,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Evelyn Partners Investment Management Services Ltd bought a new stake in Marriott International in the first quarter worth about $25,000. Wilkerson Advisory Group LLC grew its stake in shares of Marriott International by 127.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares during the last quarter. IMG Wealth Management Inc. raised its holdings in shares of Marriott International by 100.0% in the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 41 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Marriott International during the fourth quarter valued at approximately $27,000. Finally, McMillan Office Inc. bought a new stake in Marriott International during the fourth quarter worth approximately $27,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Down 0.7%

Shares of NASDAQ MAR opened at $357.77 on Wednesday. Marriott International, Inc. has a one year low of $256.76 and a one year high of $410.98. The business has a 50-day moving average price of $368.87 and a two-hundred day moving average price of $358.62. The firm has a market capitalization of $93.30 billion, a PE ratio of 37.07, a PEG ratio of 2.79 and a beta of 1.10.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the firm earned $2.65 earnings per share. The firm’s revenue 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. Research analysts anticipate that Marriott International, Inc. will post 11.71 EPS for the current year.

Marriott International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a report on Friday, August 7th. China Intl Cap upgraded Marriott International to a “strong-buy” rating in a report on Wednesday, August 12th. CICC Research began coverage on Marriott International in a report on Wednesday, August 12th. They set an “outperform” rating for the company. BMO Capital Markets decreased their price target on Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Finally, Robert W. Baird dropped their price target on Marriott International from $394.00 to $393.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and a consensus price target 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.