North Dakota State Investment Board Makes New Investment in Marriott International, Inc. $MAR

by · The Cerbat Gem

North Dakota State Investment Board acquired a new stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,808 shares of the company’s stock, valued at approximately $2,422,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Marriott International by 1.1% in the third quarter. Vanguard Group Inc. now owns 20,774,015 shares of the company’s stock valued at $5,410,384,000 after buying an additional 230,820 shares during the period. Wellington Management Group LLP boosted its position in Marriott International by 21.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock worth $2,389,635,000 after buying an additional 1,637,119 shares during the period. Legal & General Group Plc grew its holdings in Marriott International by 9.3% during the 3rd quarter. Legal & General Group Plc now owns 1,465,420 shares of the company’s stock worth $381,654,000 after acquiring an additional 124,759 shares during the last quarter. Fayez Sarofim & Co grew its holdings in Marriott International by 0.5% during the 3rd quarter. Fayez Sarofim & Co now owns 971,981 shares of the company’s stock worth $256,359,000 after acquiring an additional 4,534 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Marriott International by 26.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 846,740 shares of the company’s stock valued at $220,525,000 after purchasing an additional 175,637 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Insider Transactions at Marriott International

In other news, insider Rajeev Menon sold 3,492 shares of Marriott International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $354.00, for a total transaction of $1,236,168.00. Following the sale, the insider directly owned 6,000 shares in the company, valued at $2,124,000. The trade was a 36.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Benjamin T. Breland sold 2,000 shares of Marriott International stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $358.03, for a total value of $716,060.00. Following the sale, the executive vice president owned 26,399 shares in the company, valued at $9,451,633.97. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,281 shares of company stock worth $7,598,251 in the last ninety days. Company insiders own 11.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MAR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research report on Monday, May 11th. Wells Fargo & Company increased their price target on Marriott International to $446.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Sanford C. Bernstein increased their price target on Marriott International from $400.00 to $402.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Morgan Stanley increased their target price on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $376.13.

Check Out Our Latest Analysis on Marriott International

Marriott International Trading Up 1.7%

Shares of NASDAQ:MAR opened at $359.18 on Tuesday. The stock’s fifty day simple moving average is $344.00 and its two-hundred day simple moving average is $324.04. Marriott International, Inc. has a 1-year low of $253.55 and a 1-year high of $380.00. The stock has a market cap of $94.71 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11.

Marriott International (NASDAQ:MAR – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.32 EPS. 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, sell-side analysts forecast that Marriott International, Inc. will post 11.65 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 22nd. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio (DPR) is presently 28.12%.

Marriott International Profile

(Free Report)

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.

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