Marriot InternationalMAR
Market Cap: 67.6B
About: Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2023, luxury represented roughly 10% of total rooms, premium 42%, select service was 46%, midscale 1%, and other 1%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 97% of total rooms as of Dec. 31, 2023. North America makes up 63% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
Employees: 411,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
37% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 107
32% more call options, than puts
Call options by funds: $1B | Put options by funds: $760M
6% more capital invested
Capital invested by funds: $40B [Q4 2023] → $42.4B (+$2.48B) [Q1 2024]
6% more funds holding in top 10
Funds holding in top 10: 17 [Q4 2023] → 18 (+1) [Q1 2024]
3% more funds holding
Funds holding: 1,311 [Q4 2023] → 1,351 (+40) [Q1 2024]
8% less repeat investments, than reductions
Existing positions increased: 454 | Existing positions reduced: 493
1.83% less ownership
Funds ownership: 60.27% [Q4 2023] → 58.44% (-1.83%) [Q1 2024]
Research analyst outlook
19 Wall Street Analysts provided 1 year price forecasts over the past 6 months
19 analyst ratings
JP Morgan Joseph Greff | 8%upside $255 | Neutral Maintained | 19 Jul 2024 |
Barclays Brandt Montour | 6%upside $251 | Equal-Weight Maintained | 17 Jul 2024 |
Susquehanna Christopher Stathoulopoulos | 8%upside $255 | Neutral Initiated | 21 Jun 2024 |
BMO Capital Ari Klein | 1%upside $240 | Market Perform Maintained | 2 May 2024 |
Wells Fargo Daniel Politzer | 5%upside $248 | Equal-Weight Maintained | 2 May 2024 |
Financial journalist opinion
Based on 20 articles about MAR published over the past 30 days