Livforsakringsbolaget Skandia Omsesidigt Invests $578,000 in Marriott International, Inc. $MAR

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,561 shares of the company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after purchasing an additional 218 shares during the period. Empowered Funds LLC grew its holdings in 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 lifted its holdings in shares of Marriott International by 39.6% in the first 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 in the last quarter. Intech Investment Management LLC boosted its position in shares of Marriott International by 21.8% during the first 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 during the last quarter. Finally, Sei Investments Co. grew its stake 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 acquiring an additional 5,007 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Down 0.8%

MAR stock opened at $351.08 on Friday. Marriott International, Inc. has a twelve month low of $256.76 and a twelve month high of $410.98. The firm has a market cap of $91.55 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.72 and a beta of 1.10. The business’s fifty day simple moving average is $366.40 and its two-hundred day simple moving average is $358.94.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the firm earned $2.65 earnings per share. The business’s revenue 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. Research analysts expect that Marriott International, Inc. will post 11.7 EPS for the current year.

Marriott International Dividend Announcement

The business 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 of this dividend is Thursday, August 20th. Marriott International’s payout ratio is currently 30.26%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein set a $412.00 price objective on Marriott International in a research report on Monday, June 15th. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a report on Friday, August 7th. Barclays decreased their price objective on Marriott International from $379.00 to $348.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Wells Fargo & Company cut their target price on shares of Marriott International from $449.00 to $425.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. Finally, Erste Group Bank started coverage on shares of Marriott International in a research note on Thursday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.65.

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.