Wellington Management Group LLP Sells 374,582 Shares of Marriott International, Inc. $MAR

Wellington Management Group LLP trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,472,154 shares of the company’s stock after selling 374,582 shares during the period. Wellington Management Group LLP’s holdings in Marriott International were worth $2,027,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Marriott International during the first quarter valued at $25,000. McMillan Office Inc. purchased a new stake in Marriott International during the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new stake in Marriott International during the 4th quarter valued at about $27,000. Wilkerson Advisory Group LLC raised its holdings in Marriott International by 127.0% in the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after buying an additional 47 shares during the last quarter. Finally, IMG Wealth Management Inc. lifted its stake in shares of Marriott International by 100.0% in the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 41 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ MAR opened at $351.08 on Friday. The stock has a market capitalization of $91.55 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.75 and a beta of 1.10. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98. The business’s fifty day moving average price is $366.40 and its 200-day moving average price is $358.94.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $3.19 EPS 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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. Marriott International’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. Equities research analysts anticipate that Marriott International, Inc. will post 11.7 EPS for the current year.

Marriott International Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Stifel Nicolaus increased their target price on Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Barclays decreased their price target on Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Mizuho lowered their price target on Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, UBS Group dropped their price objective on Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $385.65.

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.