HighTower Advisors LLC Purchases 17,004 Shares of Marriott International, Inc. $MAR

HighTower Advisors LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 20.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 99,585 shares of the company’s stock after buying an additional 17,004 shares during the quarter. HighTower Advisors LLC’s holdings in Marriott International were worth $36,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of Marriott International in the 1st quarter valued at about $25,000. IMG Wealth Management Inc. grew its holdings in Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 41 shares during the period. Wilkerson Advisory Group LLC increased its position in Marriott International by 127.0% during the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after buying an additional 47 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Marriott International in the fourth quarter valued at approximately $27,000. Finally, McMillan Office Inc. bought a new position in shares of Marriott International during the 4th quarter worth approximately $27,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR opened at $328.79 on Wednesday. The stock has a fifty day moving average of $360.22 and a 200-day moving average of $358.08. The company has a market capitalization of $85.74 billion, a P/E ratio of 34.07, a P/E/G ratio of 2.54 and a beta of 1.11. Marriott International, Inc. has a fifty-two week low of $256.76 and a fifty-two week high of $410.98.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, topping 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the firm earned $2.65 earnings per share. Marriott International’s revenue for the quarter 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. On average, equities research analysts predict that Marriott International, Inc. will post 11.7 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, August 20th. Marriott International’s payout ratio is presently 30.26%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAR. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a research note on Friday, August 7th. BMO Capital Markets reduced their target price on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating for the company in a report on Tuesday, August 4th. China Intl Cap upgraded shares of Marriott International to a “strong-buy” rating in a research note on Wednesday, August 12th. TD Cowen raised their price objective on shares of Marriott International from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley boosted their price objective on Marriott International from $353.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.65.

About Marriott International

Marriott International, Inc is a global hospitality company that operates, franchises, licenses and manages hotels, resorts and other lodging properties. Its portfolio includes full-service, luxury, select-service and extended-stay accommodations, as well as branded residences, timeshare properties and vacation experiences. Marriott also provides food and beverage, meeting and event services through many of its properties.

The company’s brands include Marriott Hotels, The Ritz-Carlton, St.