CIBC Asset Management Inc Purchases 23,231 Shares of Marriott International, Inc. $MAR
by Danessa Lincoln · The Markets DailyCIBC Asset Management Inc grew its holdings in Marriott International, Inc. (NASDAQ:MAR – Free Report) by 28.9% in the 4th quarter, Holdings Channel reports. The fund owned 103,585 shares of the company’s stock after purchasing an additional 23,231 shares during the quarter. CIBC Asset Management Inc’s holdings in Marriott International were worth $32,136,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Frederick Financial Consultants LLC increased its holdings in shares of Marriott International by 0.8% in the fourth quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock worth $1,095,000 after acquiring an additional 28 shares in the last quarter. Optimize Financial Inc boosted its holdings in shares of Marriott International by 1.4% in the fourth quarter. Optimize Financial Inc now owns 2,284 shares of the company’s stock valued at $709,000 after buying an additional 32 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Marriott International by 1.0% in the fourth quarter. Bridges Investment Management Inc. now owns 3,277 shares of the company’s stock valued at $1,017,000 after buying an additional 32 shares during the period. Riversedge Advisors LLC boosted its holdings in shares of Marriott International by 3.0% in the fourth quarter. Riversedge Advisors LLC now owns 1,149 shares of the company’s stock valued at $357,000 after buying an additional 33 shares during the period. Finally, Modera Wealth Management LLC boosted its holdings in shares of Marriott International by 0.7% in the fourth quarter. Modera Wealth Management LLC now owns 4,747 shares of the company’s stock valued at $1,473,000 after buying an additional 33 shares during the period. 70.70% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on MAR. The Goldman Sachs Group upped their price target on shares of Marriott International from $355.00 to $398.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Robert W. Baird reduced their price target on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Sanford C. Bernstein upped their price target on shares of Marriott International from $400.00 to $402.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, Morgan Stanley upped their price target on shares of Marriott International from $350.00 to $353.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $382.07.
Read Our Latest Report on Marriott International
Marriott International Trading Up 0.8%
NASDAQ MAR opened at $376.78 on Thursday. The firm’s fifty day moving average price is $356.16 and its two-hundred day moving average price is $332.11. Marriott International, Inc. has a 1 year low of $253.55 and a 1 year high of $388.37. The firm has a market capitalization of $99.35 billion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 2.97 and a beta of 1.10.
Marriott International (NASDAQ:MAR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. Marriott International had a net margin of 9.72% and a negative return on equity of 80.97%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the prior year, the firm earned $2.32 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Marriott International has set its FY 2026 guidance at 11.380-11.630 EPS and its Q2 2026 guidance at 2.990-3.060 EPS. On average, research analysts anticipate that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.
Marriott International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. Marriott International’s dividend payout ratio is currently 30.64%.
Insider Transactions at Marriott International
In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the sale, the executive vice president directly owned 19,827 shares in the company, valued at $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.43% of the stock is owned by insiders.
Marriott International 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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