Cidel Asset Management Inc. Sells 26,627 Shares of Marriott International, Inc. $MAR

Key Points

• Cidel Asset Management cut its Marriott stake by 31% in the second quarter, selling 26,627 shares and retaining 59,376 shares valued at approximately $22 million. Institutional investors collectively own 70.7% of the company.
• Analyst sentiment remains positive, with Marriott holding a consensus “Moderate Buy” rating and an average price target of $385.65. Recent target changes included increases from Morgan Stanley and JPMorgan Chase, alongside a new “Buy” rating from Erste Group Bank.
• Marriott reported quarterly EPS of $3.19, exceeding expectations of $3.08, while revenue rose 4.8% year over year. The company also announced a quarterly dividend of $0.73 per share, equivalent to a 0.9% annualized yield.

Cidel Asset Management Inc. lessened its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 31.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,376 shares of the company's stock after selling 26,627 shares during the period. Marriott International makes up about 1.1% of Cidel Asset Management Inc.'s portfolio, making the stock its 28th largest holding. Cidel Asset Management Inc.'s holdings in Marriott International were worth $22,004,000 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 company. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Marriott International by 10.1% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,082 shares of the company's stock worth $401,000 after purchasing an additional 99 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of Marriott International by 8.3% in the second quarter. RFG Advisory LLC now owns 1,091 shares of the company's stock worth $404,000 after acquiring an additional 84 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Marriott International by 1.4% in the 2nd quarter. NewEdge Advisors LLC now owns 44,583 shares of the company's stock valued at $16,522,000 after purchasing an additional 635 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Marriott International by 1.6% during the second quarter. IFP Advisors Inc now owns 3,233 shares of the company's stock valued at $1,198,000 after purchasing an additional 50 shares in the last quarter. Finally, Waverly Advisors LLC increased its holdings in Marriott International by 11.1% in the second quarter. Waverly Advisors LLC now owns 9,101 shares of the company's stock valued at $3,373,000 after purchasing an additional 906 shares during the period. 70.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Marriott International from $353.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, July 17th. BMO Capital Markets cut their target price 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. Erste Group Bank started coverage on Marriott International in a report on Thursday, August 27th. They set a "buy" rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Marriott International from $387.00 to $400.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus increased their price objective 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 investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Marriott International currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.65.

Marriott International Stock Performance

NASDAQ MAR opened at $328.79 on Wednesday. The company has a market capitalization of $85.74 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. Marriott International, Inc. has a 52-week low of $256.76 and a 52-week high of $410.98. The company has a 50-day simple moving average of $360.22 and a 200 day simple moving average of $358.08.

Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.08 by $0.11. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $7.19 billion. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, analysts forecast that Marriott International, Inc. will post 11.7 EPS for the current fiscal year.

Marriott International Dividend Announcement

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 paid a $0.73 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.92 annualized dividend and a dividend yield of 0.9%. Marriott International's payout ratio is presently 30.26%.

About Marriott International

Marriott International, Inc is a global hospitality company that operates, franchises, licenses and manages hotels, resorts and other lodging properties. Its portfolio includes full-service, luxury, select-service and extended-stay accommodations, as well as branded residences, timeshare properties and vacation experiences. Marriott also provides food and beverage, meeting and event services through many of its properties.

The company's brands include Marriott Hotels, The Ritz-Carlton, St.

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