Engineers Gate Manager LP Has $1.97 Million Stock Position in Marriott International, Inc. $MAR

Engineers Gate Manager LP lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 378.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,316 shares of the company’s stock after buying an additional 4,204 shares during the period. Engineers Gate Manager LP’s holdings in Marriott International were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Evelyn Partners Investment Management Services Ltd acquired a new position in Marriott International in the 1st quarter valued at approximately $25,000. Wilkerson Advisory Group LLC lifted its position 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 purchasing an additional 47 shares during the period. IMG Wealth Management Inc. increased its holdings in Marriott International by 100.0% in the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 41 shares during the period. Basepoint Wealth LLC bought a new position in shares of Marriott International during the 4th quarter worth about $28,000. Finally, Godfrey Financial Associates Inc. bought a new stake in Marriott International in the fourth quarter valued at about $31,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock opened at $337.24 on Wednesday. The firm’s 50 day moving average price is $356.19 and its two-hundred day moving average price is $357.67. Marriott International, Inc. has a 52-week low of $256.76 and a 52-week high of $410.98. The stock has a market cap of $87.94 billion, a PE ratio of 34.95, a PEG ratio of 2.57 and a beta of 1.11.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.11. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.65 EPS. 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. As a group, sell-side analysts predict that Marriott International, Inc. will post 11.69 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 annualized dividend and a dividend yield of 0.9%. Marriott International’s payout ratio is currently 30.26%.

Wall Street Analysts Forecast Growth

MAR has been the subject of several analyst reports. Stifel Nicolaus raised their target price on Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Morgan Stanley lifted 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. Wells Fargo & Company dropped their price target on Marriott International from $449.00 to $425.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. Erste Group Bank began coverage on Marriott International in a report on Thursday, August 27th. They set a “buy” rating on the stock. Finally, CICC Research initiated coverage on shares of Marriott International in a report on Wednesday, August 12th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $385.88.

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.