Connor Clark & Lunn Investment Management Ltd. Reduces Stake in Marriott International, Inc. $MAR

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 49.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,567 shares of the company’s stock after selling 6,483 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Marriott International were worth $2,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Marriott International in the fourth quarter valued at $812,570,000. Diamant Asset Management Inc. increased its holdings in Marriott International by 32,607.0% in the 1st 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 raised 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 valued at $423,119,000 after acquiring an additional 374,497 shares during the period. Capital International Investors lifted its holdings in 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 during the last quarter. Finally, Amundi boosted its position in Marriott International by 52.0% during the third quarter. Amundi now owns 741,408 shares of the company’s stock worth $201,618,000 after purchasing an additional 253,696 shares during the period. 70.70% of the stock is owned by institutional investors.

Marriott International Price Performance

MAR opened at $351.08 on Friday. Marriott International, Inc. has a one year low of $256.76 and a one year high of $410.98. The firm has a market capitalization of $91.55 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. The company has a fifty day moving average price of $366.40 and a 200-day moving average price of $358.94.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, topping the consensus estimate of $3.08 by $0.11. The business 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%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 earnings per share. 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 11.7 earnings per share for the current year.

Marriott International Announces Dividend

The company 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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Marriott International’s dividend payout ratio is presently 30.26%.

Analyst Ratings Changes

Several analysts have recently issued reports on MAR shares. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research report on Friday, August 7th. Stifel Nicolaus boosted their target price on shares of Marriott International from $352.00 to $365.00 and gave the company a “hold” rating in a report on Friday, July 17th. Truist Financial raised their price target on Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Robert W. Baird reduced their price target on Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, Barclays dropped their price objective on 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, eleven have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $385.65.

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.