Danske Bank A S Grows Stock Holdings in Marriott International, Inc. $MAR

Danske Bank A S boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 170.4% in the second quarter, Holdings Channel reports. The institutional investor owned 326,743 shares of the company’s stock after purchasing an additional 205,886 shares during the period. Danske Bank A S’s holdings in Marriott International were worth $121,088,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MAR. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of Marriott International in the 1st quarter worth about $25,000. Wilkerson Advisory Group LLC grew its position in Marriott International by 127.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after purchasing an additional 47 shares during the last quarter. IMG Wealth Management Inc. increased its stake in Marriott International by 100.0% during the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Marriott International in the fourth quarter worth about $27,000. Finally, McMillan Office Inc. purchased a new stake in shares of Marriott International during the fourth quarter valued at approximately $27,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Marriott International stock opened at $357.33 on Wednesday. Marriott International, Inc. has a one year low of $256.76 and a one year high of $410.98. The stock has a fifty day moving average of $372.76 and a 200 day moving average of $357.26. The stock has a market cap of $93.18 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.10.

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, beating 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 business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the previous year, the company posted $2.65 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. 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, sell-side analysts predict that Marriott International, Inc. will post 11.71 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Marriott International’s dividend payout ratio is currently 30.26%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MAR. Truist Financial boosted their price objective on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Wells Fargo & Company reduced their target price on Marriott International from $449.00 to $425.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. Barclays decreased their price target on Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. CICC Research initiated coverage on Marriott International in a research report on Wednesday, August 12th. They set an “outperform” rating on the stock. Finally, Morgan Stanley boosted their target price on Marriott International from $353.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.65.

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.