Bank of Nova Scotia Has $8.52 Million Position in Marriott International, Inc. $MAR

Key Points

• Bank of Nova Scotia cut its Marriott International stake by 26.4% in the second quarter, selling 8,227 shares and retaining 22,993 shares valued at $8.52 million. Institutional investors collectively own 70.7% of Marriott’s stock.
• Marriott reported quarterly EPS of $3.19, topping estimates by $0.11, while revenue rose 4.8% year over year. The company also declared a quarterly dividend of $0.73 per share, equivalent to a 0.8% annualized yield.
• Wall Street’s consensus view remains “Moderate Buy,” with an average price target of $385.65 versus the stock’s recent opening price of $360.20; targets range from $365 to $420.

Bank of Nova Scotia trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 26.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,993 shares of the company's stock after selling 8,227 shares during the period. Bank of Nova Scotia's holdings in Marriott International were worth $8,521,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Marriott International during the 1st quarter worth about $25,000. Wilkerson Advisory Group LLC raised its stake in Marriott International by 127.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company's stock valued at $27,000 after acquiring an additional 47 shares during the period. IMG Wealth Management Inc. lifted its holdings in Marriott International by 100.0% during the 1st quarter. IMG Wealth Management Inc. now owns 82 shares of the company's stock valued at $27,000 after purchasing an additional 41 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Marriott International during the fourth quarter worth $27,000. Finally, McMillan Office Inc. acquired a new stake in shares of Marriott International during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $360.20 on Tuesday. The company's 50 day moving average price is $369.69 and its two-hundred day moving average price is $358.39. The firm has a market capitalization of $93.93 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.76 and a beta of 1.10. Marriott International, Inc. has a fifty-two week low of $256.76 and a fifty-two week high of $410.98.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $0.11. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%.Marriott International's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.65 EPS. 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. On average, analysts expect that Marriott International, Inc. will post 11.71 earnings per share for the current year.

Marriott International Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on MAR shares. TD Cowen increased their price target on shares of Marriott International from $410.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. CICC Research initiated coverage on Marriott International in a report on Wednesday, August 12th. They issued an "outperform" rating on the stock. UBS Group dropped their target price on Marriott International from $412.00 to $395.00 and set a "neutral" rating for the company in a report on Thursday, August 20th. Mizuho decreased their price target on shares of Marriott International from $384.00 to $374.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus raised their price target on shares of Marriott International from $352.00 to $365.00 and gave the stock a "hold" rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.

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