Caisse de depot et placement du Quebec Purchases New Position in Marriott International, Inc. $MAR

Caisse de depot et placement du Quebec bought a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the second quarter, Holdings Channel.com reports. The fund bought 43,675 shares of the company’s stock, valued at approximately $16,186,000.

Other large investors have also recently made changes to their positions in the company. Evelyn Partners Investment Management Services Ltd purchased a new position in Marriott International during the 1st quarter worth approximately $25,000. Wilkerson Advisory Group LLC boosted its holdings in shares of Marriott International by 127.0% in the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after acquiring an additional 47 shares during the period. IMG Wealth Management Inc. grew its position in shares of Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after acquiring an additional 41 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at $27,000. Finally, McMillan Office Inc. purchased a new stake in Marriott International in the 4th quarter valued at $27,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.8%

Shares of NASDAQ:MAR opened at $351.08 on Friday. Marriott International, Inc. has a fifty-two week low of $256.76 and a fifty-two week high of $410.98. The firm’s 50-day simple moving average is $366.40 and its 200-day simple moving average is $358.94. The company has a market cap of $91.55 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.75 and a beta of 1.10.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.11. The firm 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 firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $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, research analysts forecast that Marriott International, Inc. will post 11.7 EPS for the current 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 issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Marriott International’s dividend payout ratio (DPR) is currently 30.26%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group lowered their price objective on shares of Marriott International from $412.00 to $395.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Robert W. Baird decreased their target price on shares of Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Barclays dropped their price target on Marriott International from $379.00 to $348.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. CICC Research began coverage on Marriott International in a research report on Wednesday, August 12th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on Marriott International from $387.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $385.65.

About Marriott International

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.