Marriot InternationalMAR
Market Cap: $64.1B
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: $876M | Put options by funds: $560M
8% less repeat investments, than reductions
Existing positions increased: 463 | Existing positions reduced: 504
2% less funds holding
Funds holding: 1,371 [Q1] → 1,350 (-21) [Q2]
2.13% less ownership
Funds ownership: 60.15% [Q1] → 58.02% (-2.13%) [Q2]
8% less capital invested
Capital invested by funds: $43.7B [Q1] → $40.1B (-$3.64B) [Q2]
16% less first-time investments, than exits
New positions opened: 109 | Existing positions closed: 130
28% less funds holding in top 10
Funds holding in top 10: 18 [Q1] → 13 (-5) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Bernstein Richard Clarke 20% 1-year accuracy 1 / 5 met price target | 15%upside $262 | Outperform Upgraded | 29 Aug 2024 |
UBS Robin Farley 67% 1-year accuracy 8 / 12 met price target | 7%upside $244 | Neutral Maintained | 13 Aug 2024 |
Morgan Stanley Stephen Grambling 50% 1-year accuracy 10 / 20 met price target | 10%upside $250 | Overweight Maintained | 6 Aug 2024 |
Truist Securities Patrick Scholes 44% 1-year accuracy 16 / 36 met price target | 12%upside $254 | Hold Maintained | 6 Aug 2024 |
Macquarie Chad Beynon 58% 1-year accuracy 15 / 26 met price target | 8%upside $245 | Neutral Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 18 articles about MAR published over the past 30 days