LGT Fund Management Co Ltd. Acquires 2,000 Shares of Marriott International, Inc. $MAR

LGT Fund Management Co Ltd. boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 50.0% during the 1st quarter, Holdings Channel reports. The firm owned 6,000 shares of the company’s stock after acquiring an additional 2,000 shares during the period. LGT Fund Management Co Ltd.’s holdings in Marriott International were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Marriott International by 2.5% in the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after acquiring an additional 218 shares during the period. Empowered Funds LLC increased its stake in shares of Marriott International by 39.1% during the 1st quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock worth $1,383,000 after purchasing an additional 1,631 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Marriott International by 39.6% in the 1st quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock worth $4,605,000 after purchasing an additional 5,480 shares during the period. Intech Investment Management LLC lifted its stake in Marriott International by 21.8% in the first quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Marriott International by 3.8% during the second quarter. Sei Investments Co. now owns 137,329 shares of the company’s stock valued at $37,520,000 after purchasing an additional 5,007 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.43% of the company’s stock.

Marriott International Price Performance

Shares of NASDAQ:MAR opened at $376.11 on Monday. Marriott International, Inc. has a one year low of $253.76 and a one year high of $410.98. The firm has a fifty day moving average price of $375.43 and a two-hundred day moving average price of $348.63. The company has a market cap of $99.18 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 2.99 and a beta of 1.11.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the firm 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. Equities research analysts expect that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. This is an increase from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is currently 30.64%.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research reports. Robert W. Baird lowered their target price on Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Mizuho lifted their price objective on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group upped their price objective on shares of Marriott International from $336.00 to $412.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Truist Financial increased their target price on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein set a $412.00 price target on shares of Marriott International in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $384.73.

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.