Marriot InternationalMAR
Market Cap: $67.2B
About: Marriott operates 1.7 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 Q2 SEC filings by fund managers ($100M+ AUM)
56% more call options, than puts
Call options by funds: $878M | Put options by funds: $563M
8% less repeat investments, than reductions
Existing positions increased: 463 | Existing positions reduced: 505
1% less funds holding
Funds holding: 1,371 [Q1] → 1,353 (-18) [Q2]
2.12% less ownership
Funds ownership: 60.15% [Q1] → 58.03% (-2.12%) [Q2]
8% less capital invested
Capital invested by funds: $43.7B [Q1] → $40.1B (-$3.63B) [Q2]
14% less first-time investments, than exits
New positions opened: 111 | Existing positions closed: 129
28% less funds holding in top 10
Funds holding in top 10: 18 [Q1] → 13 (-5) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Goldman Sachs Lizzie Dove 100% 1-year accuracy 9 / 9 met price target | 12%upside $267 | Buy Initiated | 18 Sept 2024 |
Bernstein Richard Clarke 33% 1-year accuracy 2 / 6 met price target | 10%upside $262 | Outperform Upgraded | 29 Aug 2024 |
UBS Robin Farley 75% 1-year accuracy 9 / 12 met price target | 2%upside $244 | Neutral Maintained | 13 Aug 2024 |
Morgan Stanley Stephen Grambling 50% 1-year accuracy 10 / 20 met price target | 5%upside $250 | Overweight Maintained | 6 Aug 2024 |
Truist Securities Patrick Scholes 33% 1-year accuracy 11 / 33 met price target | 6%upside $254 | Hold Maintained | 6 Aug 2024 |
Financial journalist opinion
Based on 19 articles about MAR published over the past 30 days