Red Cedar Investment Management LLC Grows Holdings in Marriott International, Inc. $MAR

Red Cedar Investment Management LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 56.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,411 shares of the company’s stock after buying an additional 3,042 shares during the period. Red Cedar Investment Management LLC’s holdings in Marriott International were worth $2,609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Marriott International in the fourth quarter valued at approximately $812,570,000. Wellington Management Group LLP grew its stake in Marriott International by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock valued at $2,389,635,000 after acquiring an additional 1,637,119 shares during the period. Capital International Investors increased its holdings in Marriott International by 7.1% in the 4th quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock worth $1,274,475,000 after acquiring an additional 272,250 shares in the last quarter. Amundi lifted its holdings in Marriott International by 52.0% during the third quarter. Amundi now owns 741,408 shares of the company’s stock valued at $201,618,000 after purchasing an additional 253,696 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Marriott International by 1.1% during the third quarter. Vanguard Group Inc. now owns 20,774,015 shares of the company’s stock worth $5,410,384,000 after purchasing an additional 230,820 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ:MAR opened at $393.61 on Wednesday. The company’s 50-day moving average is $361.53 and its two-hundred day moving average is $335.12. Marriott International, Inc. has a 1-year low of $253.55 and a 1-year high of $398.96. The firm has a market capitalization of $103.79 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 3.12 and a beta of 1.10.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $6.59 billion. Marriott International had a net margin of 9.72% and a negative return on equity of 80.97%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.32 EPS. 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 anticipate that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio (DPR) is currently 30.64%.

Insider Transactions at Marriott International

In related news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the sale, the executive vice president directly owned 19,827 shares in the company, valued at approximately $7,168,650.12. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAR. Jefferies Financial Group increased their target price on Marriott International from $357.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Robert W. Baird lowered their target price on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Wells Fargo & Company increased their target price on shares of Marriott International to $446.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley upped their price objective on shares of Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $382.07.

About Marriott International

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.