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

Key Points

• CIBC World Market reduced its Marriott stake by 41.8% in the second quarter, selling 17,062 shares and retaining 23,714 shares valued at approximately $8.8 million. Institutional investors still own 70.7% of Marriott’s outstanding stock.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $385.65. Recent recommendations were mixed, including an outperform rating from CICC and price-target cuts from Robert W. Baird and Barclays.
• Marriott reported quarterly EPS of $3.19, exceeding estimates of $3.08, while revenue rose 4.8% year over year. The company also declared a quarterly dividend of $0.73 per share, representing a 0.8% annualized yield.

Cibc World Market Inc. decreased its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 41.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Marriott International by 2.5% in the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company's stock valued at $2,479,000 after purchasing an additional 218 shares in the last quarter. Empowered Funds LLC increased its stake in Marriott International by 39.1% in the 1st quarter. Empowered Funds LLC now owns 5,805 shares of the company's stock worth $1,383,000 after purchasing an additional 1,631 shares during the period. Woodline Partners LP lifted its position in Marriott International by 39.6% in the first quarter. Woodline Partners LP now owns 19,332 shares of the company's stock valued at $4,605,000 after purchasing an additional 5,480 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Marriott International by 21.8% in the first quarter. Intech Investment Management LLC now owns 6,035 shares of the company's stock worth $1,438,000 after buying an additional 1,079 shares during the period. Finally, Sei Investments Co. raised its holdings in Marriott International by 3.8% during the 2nd quarter. Sei Investments Co. now owns 137,329 shares of the company's stock valued at $37,520,000 after buying an additional 5,007 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Marriott International in a research report on Friday, August 7th. CICC Research started coverage on Marriott International in a report on Wednesday, August 12th. They issued an "outperform" rating for the company. Robert W. Baird cut their price objective on Marriott International from $394.00 to $393.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Stifel Nicolaus raised their price target on Marriott International from $352.00 to $365.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. Finally, Barclays cut their price target on shares of Marriott International from $379.00 to $348.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $385.65.

Marriott International Trading Down 0.7%

MAR opened at $357.77 on Wednesday. The company has a market cap of $93.30 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.79 and a beta of 1.10. 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, Inc. has a 12-month low of $256.76 and a 12-month high of $410.98.

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

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. Marriott International's dividend payout ratio (DPR) is presently 30.26%.

Marriott International Company Profile

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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