Marriott International, Inc. $MAR Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,875 shares of the company’s stock after selling 56,461 shares during the quarter. Korea Investment CORP’s holdings in Marriott International were worth $39,977,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MAR. Invesco Ltd. lifted its position in shares of Marriott International by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock worth $1,377,577,000 after purchasing an additional 118,504 shares during the last quarter. Capital International Investors increased its holdings in Marriott International by 7.1% in the fourth quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock valued at $1,274,475,000 after buying an additional 272,250 shares during the last quarter. Norges Bank acquired a new stake in Marriott International in the fourth quarter valued at $812,570,000. Price T Rowe Associates Inc. MD lifted its holdings in Marriott International by 13.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock worth $582,952,000 after buying an additional 219,579 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Marriott International by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company’s stock worth $502,410,000 after acquiring an additional 19,387 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MAR shares. Barclays cut their target price on Marriott International from $379.00 to $348.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. UBS Group dropped their price target on shares of Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their price objective on shares of Marriott International from $449.00 to $425.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley upped their target price on shares of Marriott International from $353.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Sanford C. Bernstein set a $412.00 price target on shares of Marriott International in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Moderate Buy” and an average target price of $385.65.

Marriott International Trading Down 0.1%

MAR stock opened at $356.39 on Friday. The company has a market capitalization of $92.94 billion, a P/E ratio of 36.93, a PEG ratio of 2.76 and a beta of 1.10. The business has a 50 day simple moving average of $370.50 and a 200-day simple moving average of $357.82. Marriott International, Inc. has a twelve month low of $256.76 and a twelve month high of $410.98.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.08 by $0.11. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $7.19 billion. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. Marriott International’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 EPS. 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 predict that Marriott International, Inc. will post 11.71 EPS for the current fiscal year.

Marriott International Dividend Announcement

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

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.