Cibc World Market Inc. Sells 17,062 Shares of Marriott International, Inc. $MAR

Cibc World Market Inc. decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 41.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,714 shares of the company’s stock after selling 17,062 shares during the period. Cibc World Market Inc.’s holdings in Marriott International were worth $8,788,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Marriott International during the fourth quarter valued at approximately $812,570,000. Diamant Asset Management Inc. boosted its position in shares of Marriott International by 32,607.0% during the first quarter. Diamant Asset Management Inc. now owns 490,605 shares of the company’s stock worth $16,046,000 after acquiring an additional 489,105 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Marriott International by 37.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,363,845 shares of the company’s stock worth $423,119,000 after purchasing an additional 374,497 shares in the last quarter. Capital International Investors grew its position in shares of Marriott International by 7.1% during the fourth quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock valued at $1,274,475,000 after purchasing an additional 272,250 shares in the last quarter. Finally, Amundi boosted its stake in Marriott International by 52.0% during the third quarter. Amundi now owns 741,408 shares of the company’s stock valued at $201,618,000 after buying an additional 253,696 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Down 0.7%

Shares of MAR stock opened at $357.77 on Wednesday. The stock has a market capitalization of $93.30 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.79 and a beta of 1.10. Marriott International, Inc. has a twelve month low of $256.76 and a twelve month high of $410.98. The stock has a fifty day simple moving average of $368.87 and a two-hundred day simple moving average of $358.62.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share 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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the firm earned $2.65 earnings per share. The firm’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. Research analysts predict that Marriott International, Inc. will post 11.71 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.73 per share. The ex-dividend date is Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. Marriott International’s dividend payout ratio is currently 30.26%.

Analyst Ratings Changes

MAR has been the subject of several research reports. Barclays lowered their price objective on shares of Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 4th. CICC Research initiated coverage on Marriott International in a research note on Wednesday, August 12th. They set an “outperform” rating for the company. BMO Capital Markets cut their price objective on Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 4th. Robert W. Baird reduced their target price on Marriott International from $394.00 to $393.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $412.00 target price on shares of Marriott International in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $385.65.

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.