Handelsbanken Fonder AB Buys 2,120 Shares of Marriott International, Inc. $MAR

Handelsbanken Fonder AB boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,781 shares of the company’s stock after purchasing an additional 2,120 shares during the period. Handelsbanken Fonder AB’s holdings in Marriott International were worth $26,231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of Marriott International during the first quarter worth about $25,000. IMG Wealth Management Inc. boosted its position in Marriott International by 100.0% during the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 41 shares during the period. Wilkerson Advisory Group LLC grew its holdings in Marriott International by 127.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares during the last quarter. McMillan Office Inc. acquired a new position in Marriott International in the 4th quarter valued at approximately $27,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Marriott International during the fourth quarter worth $27,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 1.5%

Shares of MAR opened at $354.58 on Thursday. The firm’s fifty day simple moving average is $375.56 and its two-hundred day simple moving average is $356.13. Marriott International, Inc. has a 12 month low of $256.76 and a 12 month high of $410.98. The stock has a market capitalization of $92.46 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10.

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, topping 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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the company posted $2.65 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. 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, research analysts predict that Marriott International, Inc. will post 11.7 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 annualized dividend and a yield of 0.8%. Marriott International’s payout ratio is 30.26%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MAR shares. CICC Research assumed coverage on Marriott International in a report on Wednesday. They issued an “outperform” rating for the company. Stifel Nicolaus upped their price target on Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Mizuho lowered their price objective on Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marriott International has an average rating of “Moderate Buy” and an average target price of $386.65.

Insider Activity

In other news, EVP Peggy Roe sold 3,000 shares of the firm’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 sale, the executive vice president owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This trade represents a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 11.43% of the company’s stock.

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.