Marriott International (NASDAQ:MAR) Upgraded to Strong-Buy at TD Cowen

TD Cowen upgraded shares of Marriott International (NASDAQ:MAR) to a strong-buy rating in a research report released on Tuesday,Zacks reports.

MAR has been the subject of several other reports. Robert W. Baird reduced their target price on Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Mizuho dropped their price objective on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Stifel Nicolaus lifted their target price on shares of Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a research report on Friday, July 17th. 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 research note 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $385.88.

Marriott International Stock Down 0.7%

MAR stock opened at $329.07 on Tuesday. Marriott International has a twelve month low of $256.76 and a twelve month high of $410.98. The company has a market cap of $85.81 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. The business’s 50-day simple moving average is $358.61 and its 200 day simple moving average is $357.82.

Marriott International (NASDAQ:MAR) last posted 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. 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 analysts’ expectations of $7.19 billion. During the same quarter in the prior year, the firm posted $2.65 EPS. The company’s revenue for the quarter 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. On average, equities research analysts anticipate that Marriott International will post 11.69 EPS for the current year.

Marriott International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be given a $0.73 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a yield of 0.9%. Marriott International’s payout ratio is 30.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MAR. California State Teachers Retirement System raised its stake in Marriott International by 43,255.9% in the 2nd quarter. California State Teachers Retirement System now owns 114,540,104 shares of the company’s stock valued at $42,447,417,000 after acquiring an additional 114,275,918 shares during the period. Norges Bank bought a new position in Marriott International during the fourth quarter worth $812,570,000. Diamant Asset Management Inc. raised 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 purchasing an additional 489,105 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $423,119,000 after buying an additional 374,497 shares during the last quarter. Finally, Capital International Investors raised 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 valued at $1,274,475,000 after acquiring an additional 272,250 shares during the period. Institutional investors own 70.70% of the company’s stock.

About Marriott International

Marriott International, Inc is a global hospitality company that operates, franchises, licenses and manages hotels, resorts and other lodging properties. Its portfolio includes full-service, luxury, select-service and extended-stay accommodations, as well as branded residences, timeshare properties and vacation experiences. Marriott also provides food and beverage, meeting and event services through many of its properties.

The company’s brands include Marriott Hotels, The Ritz-Carlton, St.