Daiichi Life Insurance Co. Ltd. Boosts Stake in Marriott International, Inc. $MAR

Daiichi Life Insurance Co. Ltd. lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 23.4% in the 2nd quarter, Holdings Channel reports. The fund owned 15,655 shares of the company’s stock after acquiring an additional 2,969 shares during the quarter. Daiichi Life Insurance Co. Ltd.’s holdings in Marriott International were worth $5,802,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on MAR. Stifel Nicolaus upped their price objective on shares of Marriott International from $352.00 to $365.00 and gave the stock a “hold” rating in a report 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 on the stock in a research report on Tuesday, August 4th. TD Cowen upped their price target on Marriott International from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Truist Financial lifted their price objective on Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research note on Tuesday, May 26th. Finally, Mizuho cut their target price on Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $385.65.

Marriott International Stock Down 0.1%

MAR opened at $356.39 on Friday. The firm has a 50 day moving average price of $370.50 and a 200-day moving average price of $357.82. The stock has a market capitalization of $92.94 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.76 and a beta of 1.10. Marriott International, Inc. has a twelve month low of $256.76 and a twelve month high of $410.98.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.19 billion. During the same period last year, the business 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. As a group, analysts expect that Marriott International, Inc. will post 11.71 earnings per share for the current year.

Marriott International Dividend Announcement

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 paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 20th. Marriott International’s dividend payout ratio (DPR) is currently 30.26%.

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.