Calamos Advisors LLC Sells 14,953 Shares of Marriott International, Inc. $MAR

Calamos Advisors LLC cut its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 74.4% in the 1st quarter, HoldingsChannel reports. The firm owned 5,156 shares of the company’s stock after selling 14,953 shares during the quarter. Calamos Advisors LLC’s holdings in Marriott International were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of MAR. Norges Bank bought a new stake in shares of Marriott International in the fourth quarter valued at $812,570,000. Diamant Asset Management Inc. boosted its position in shares of Marriott International by 32,607.0% in the first quarter. Diamant Asset Management Inc. now owns 490,605 shares of the company’s stock valued at $16,046,000 after acquiring an additional 489,105 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Marriott International by 37.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,363,845 shares of the company’s stock valued at $423,119,000 after purchasing an additional 374,497 shares in the last quarter. Capital International Investors grew its position in Marriott International by 7.1% during the fourth quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock worth $1,274,475,000 after buying an additional 272,250 shares in the last quarter. Finally, Amundi increased its position in shares of Marriott International by 52.0% in the third quarter. Amundi now owns 741,408 shares of the company’s stock worth $201,618,000 after purchasing an additional 253,696 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MAR shares. Susquehanna increased their target price on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Wells Fargo & Company upped their price target on shares of Marriott International to $446.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Morgan Stanley boosted their price target on shares of Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $384.73.

Marriott International Stock Up 1.6%

Shares of NASDAQ MAR opened at $369.05 on Thursday. Marriott International, Inc. has a twelve month low of $253.76 and a twelve month high of $410.98. The company has a 50 day moving average of $375.83 and a 200 day moving average of $349.69. The firm has a market cap of $97.31 billion, a P/E ratio of 38.73, a PEG ratio of 2.89 and a beta of 1.11.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the prior year, the company posted $2.32 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. 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, equities analysts expect that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 22nd. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s payout ratio is 30.64%.

Insider Activity at Marriott International

In other news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the transaction, the executive vice president directly owned 19,827 shares of the company’s stock, valued at $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.43% of the stock is owned by corporate insiders.

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.