Summit Wealth Partners LLC Purchases 1,450 Shares of Marriott International, Inc. $MAR

by · The Markets Daily

Summit Wealth Partners LLC increased its holdings in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 145.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,450 shares of the company’s stock after purchasing an additional 1,450 shares during the period. Summit Wealth Partners LLC’s holdings in Marriott International were worth $801,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. Norges Bank acquired a new position in shares of Marriott International during the 4th quarter worth approximately $812,570,000. Wellington Management Group LLP lifted its holdings 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 valued at $2,389,635,000 after purchasing an additional 1,637,119 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Marriott International by 37.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,363,845 shares of the company’s stock worth $423,119,000 after purchasing an additional 374,497 shares during the period. Capital International Investors raised its position in shares of Marriott International by 7.1% in the fourth quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock valued at $1,274,475,000 after purchasing an additional 272,250 shares during the period. Finally, Amundi lifted its stake in shares of Marriott International by 52.0% during the 3rd quarter. Amundi now owns 741,408 shares of the company’s stock worth $201,618,000 after buying an additional 253,696 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Peggy Roe sold 3,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the sale, the executive vice president directly owned 19,827 shares in the company, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.43% of the stock is owned by corporate insiders.

Marriott International Stock Down 3.0%

Shares of Marriott International stock opened at $384.19 on Tuesday. The stock has a market capitalization of $101.31 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 3.15 and a beta of 1.10. Marriott International, Inc. has a twelve month low of $253.76 and a twelve month high of $410.98. The company has a 50-day simple moving average of $372.38 and a two-hundred day simple moving average of $341.15.

Marriott International (NASDAQ:MARGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Marriott International had a net margin of 9.72% and a negative return on equity of 80.97%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the prior year, the business posted $2.32 EPS. The business’s 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, sell-side analysts anticipate that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is a boost from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. Marriott International’s dividend payout ratio is 30.64%.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. Robert W. Baird reduced their target price on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Wells Fargo & Company raised their price objective on shares of Marriott International to $446.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Susquehanna upped their target price on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Finally, Barclays boosted their price target on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $384.73.

Read Our Latest Research Report on Marriott International

Marriott International Company 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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