Danske Bank A S Increases Position in Marriott International, Inc. $MAR

Danske Bank A S boosted its position in Marriott International, Inc. (NASDAQ:MAR) by 170.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 326,743 shares of the company’s stock after acquiring an additional 205,886 shares during the quarter. Danske Bank A S owned 0.13% of Marriott International worth $121,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC raised its holdings in shares of Marriott International by 47.2% during the 2nd quarter. Diversify Advisory Services LLC now owns 3,468 shares of the company’s stock valued at $1,328,000 after buying an additional 1,112 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Marriott International in the second quarter worth approximately $344,000. Trust Co. of Vermont bought a new position in Marriott International during the second quarter valued at approximately $1,240,000. Tema ETFs LLC raised its stake in shares of Marriott International by 9.3% during the second quarter. Tema ETFs LLC now owns 6,786 shares of the company’s stock worth $2,515,000 after acquiring an additional 580 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Marriott International by 3.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 70,781 shares of the company’s stock worth $26,231,000 after acquiring an additional 2,120 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.2%

NASDAQ:MAR opened at $357.33 on Wednesday. The company has a 50-day moving average price of $372.76 and a 200-day moving average price of $357.26. The stock has a market cap of $93.18 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 2.77 and a beta of 1.10. Marriott International, Inc. has a 12 month low of $256.76 and a 12 month high of $410.98.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.11. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.65 earnings per share. 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 analysts forecast that Marriott International, Inc. will post 11.71 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 0.8%. Marriott International’s dividend payout ratio (DPR) is currently 30.26%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays reduced their target price on shares of Marriott International from $379.00 to $348.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Stifel Nicolaus lifted their price objective on Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Truist Financial raised their price target on Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a research report on Tuesday, May 26th. BMO Capital Markets dropped their price objective on Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Finally, CICC Research started coverage on shares of Marriott International in a research note on Wednesday, August 12th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $386.65.

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.