Connor Clark & Lunn Investment Management Ltd. Sells 6,483 Shares of Marriott International, Inc. $MAR

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Marriott International, Inc. (NASDAQ:MARFree Report) by 49.7% during the 2nd quarter, Holdings Channel.com reports. 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.

Several other institutional investors have also recently made changes to their positions in MAR. Invesco Ltd. boosted its position in Marriott International by 2.7% in the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock valued at $1,377,577,000 after buying an additional 118,504 shares during the period. Capital International Investors raised its position in shares of Marriott International by 7.1% in the 4th quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock worth $1,274,475,000 after acquiring an additional 272,250 shares in the last quarter. Norges Bank purchased a new stake in shares of Marriott International during the fourth quarter valued at about $812,570,000. Price T Rowe Associates Inc. MD boosted its stake in Marriott International by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock valued at $582,952,000 after acquiring an additional 219,579 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Marriott International by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company’s stock worth $502,410,000 after acquiring an additional 19,387 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $351.08 on Friday. The firm has a fifty day moving average price of $366.40 and a 200 day moving average price of $358.94. The stock has a market cap of $91.55 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.75 and a beta of 1.10. Marriott International, Inc. has a 1-year low of $256.76 and a 1-year high of $410.98.

Marriott International (NASDAQ:MARGet Free Report) last announced its 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 business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The business’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 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. As a group, equities analysts expect that Marriott International, Inc. will post 11.7 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be given a $0.73 dividend. The ex-dividend date is Thursday, August 20th. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. Marriott International’s dividend payout ratio is currently 30.26%.

Analyst Ratings Changes

MAR has been the subject of several analyst reports. Barclays decreased their price objective on Marriott International from $379.00 to $348.00 and set an “equal weight” rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. increased their target price on Marriott International from $387.00 to $400.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a research report on Friday, August 7th. UBS Group cut their target price on Marriott International from $412.00 to $395.00 and set a “neutral” rating for the company in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein set a $412.00 price target on shares of Marriott International in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Moderate Buy” and a consensus price target of $385.65.

View Our Latest Report on Marriott International

Marriott International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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