Strs Ohio Sells 3,512 Shares of Marriott International, Inc. $MAR

Strs Ohio lessened its stake in Marriott International, Inc. (NASDAQ:MAR) by 5.2% in the first quarter, HoldingsChannel reports. The fund owned 64,338 shares of the company’s stock after selling 3,512 shares during the period. Strs Ohio’s holdings in Marriott International were worth $21,043,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MAR. Legal & General Group Plc boosted its holdings in shares of Marriott International by 9.3% during the third quarter. Legal & General Group Plc now owns 1,465,420 shares of the company’s stock worth $381,654,000 after purchasing an additional 124,759 shares during the period. FMB Wealth Management purchased a new position in Marriott International during the 4th quarter valued at about $1,762,000. Natixis Advisors LLC raised its position in Marriott International by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 386,638 shares of the company’s stock valued at $100,696,000 after purchasing an additional 41,547 shares during the last quarter. Capital International Sarl grew its position in shares of Marriott International by 25.8% in the 3rd quarter. Capital International Sarl now owns 41,237 shares of the company’s stock worth $10,740,000 after buying an additional 8,448 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in shares of Marriott International by 183.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 56,180 shares of the company’s stock valued at $17,429,000 after buying an additional 36,380 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on MAR shares. Wells Fargo & Company raised their price target on Marriott International to $446.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Mizuho raised their target price on shares of Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Truist Financial boosted their price target on shares of Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. UBS Group raised their price objective on shares of Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. upped their target price on Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $384.73.

Marriott International Stock Performance

Marriott International stock opened at $372.95 on Friday. Marriott International, Inc. has a 12 month low of $253.76 and a 12 month high of $410.98. The company has a market capitalization of $98.34 billion, a price-to-earnings ratio of 39.13, a price-to-earnings-growth ratio of 2.97 and a beta of 1.11. The business’s fifty day simple moving average is $373.99 and its two-hundred day simple moving average is $346.01.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the previous year, the firm earned $2.32 EPS. Marriott International’s quarterly revenue was up 6.2% compared to the same quarter last year. 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. On average, equities research analysts predict that Marriott International, Inc. will post 11.64 EPS for the current year.

Marriott International Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the completion of the transaction, the executive vice president directly owned 19,827 shares in the company, valued at $7,168,650.12. The trade was a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.43% of the stock is currently owned by insiders.

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.