Bank of New York Mellon Corp Has $465.14 Million Position in Marriott International, Inc. $MAR
by Danessa Lincoln · The Markets DailyBank of New York Mellon Corp decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3.4% in the 1st quarter, HoldingsChannel reports. The firm owned 1,422,132 shares of the company’s stock after selling 49,424 shares during the period. Bank of New York Mellon Corp’s holdings in Marriott International were worth $465,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Frederick Financial Consultants LLC raised its position in shares of Marriott International by 0.8% in the fourth quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock valued at $1,095,000 after purchasing an additional 28 shares during the period. Haven Capital Group Inc. boosted its holdings in shares of Marriott International by 0.3% during the 1st quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock worth $3,292,000 after buying an additional 30 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Marriott International by 1.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,472 shares of the company’s stock valued at $808,000 after buying an additional 30 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Marriott International by 34.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 120 shares of the company’s stock valued at $37,000 after acquiring an additional 31 shares during the period. Finally, Optimize Financial Inc lifted its position in Marriott International by 1.4% during the fourth quarter. Optimize Financial Inc now owns 2,284 shares of the company’s stock worth $709,000 after acquiring an additional 32 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Truist Financial upped their target price on Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. Mizuho lifted their price target on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays upped their price objective on Marriott International from $372.00 to $376.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Sanford C. Bernstein set a $412.00 price objective on Marriott International in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. lifted 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 research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Marriott International has an average rating of “Moderate Buy” and a consensus target price of $384.93.
Get Our Latest Stock Analysis on Marriott International
Marriott International Price Performance
Shares of NASDAQ:MAR opened at $371.14 on Friday. Marriott International, Inc. has a 1 year low of $253.76 and a 1 year high of $410.98. The stock has a market capitalization of $97.87 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. The company’s 50 day simple moving average is $376.22 and its 200 day simple moving average is $350.08.
Marriott International (NASDAQ:MAR – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.81 billion during 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 company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.32 earnings per share. 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. As a group, analysts anticipate that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.
Marriott International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 0.8%. This is a boost 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%.
Insider Transactions at Marriott International
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of Marriott International stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president owned 19,827 shares in the company, valued at $7,168,650.12. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.43% of the stock is currently owned by corporate 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.
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