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

Cidel Asset Management Inc. cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 31.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 59,376 shares of the company’s stock after selling 26,627 shares during the period. Marriott International accounts for 1.1% of Cidel Asset Management Inc.’s investment 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 quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAR. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Marriott International in the first quarter worth $25,000. IMG Wealth Management Inc. raised its stake in shares of 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 period. Wilkerson Advisory Group LLC lifted its holdings in Marriott International by 127.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Marriott International in the 4th quarter worth about $27,000. Finally, McMillan Office Inc. purchased a new position in Marriott International during the 4th quarter valued at about $27,000. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAR. BMO Capital Markets lowered their price target on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Robert W. Baird decreased their target price on shares of Marriott International from $394.00 to $393.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Morgan Stanley increased their target price on shares of Marriott International from $353.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Stifel Nicolaus boosted their price target on shares of Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, Truist Financial upped their price target on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.65.

Marriott International Price Performance

Shares of Marriott International stock opened at $328.79 on Wednesday. Marriott International, Inc. has a 1 year low of $256.76 and a 1 year high of $410.98. The firm has a market cap of $85.74 billion, a PE ratio of 34.07, a PEG ratio of 2.54 and a beta of 1.11. The company has a 50 day simple moving average of $360.22 and a two-hundred day simple moving average of $358.08.

Marriott International (NASDAQ:MAR) last released its earnings results 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 negative return on equity of 75.81% and a net margin of 9.62%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the company posted $2.65 EPS. Marriott International’s quarterly revenue 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. As a group, research analysts anticipate that Marriott International, Inc. will post 11.7 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, August 20th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 20th. Marriott International’s dividend 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.