Canoe Financial LP Reduces Stake in Marriott International, Inc. $MAR

Canoe Financial LP reduced its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 15.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,541 shares of the company’s stock after selling 18,965 shares during the period. Canoe Financial LP’s holdings in Marriott International were worth $27,487,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MAR. Brighton Jones LLC lifted its position in shares of Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after buying an additional 218 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Marriott International by 3.9% in the 1st quarter. Ameriprise Financial Inc. now owns 239,480 shares of the company’s stock valued at $57,044,000 after acquiring an additional 8,973 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Marriott International during the first quarter valued at about $6,852,000. CreativeOne Wealth LLC increased its stake in shares of Marriott International by 2.1% in the first quarter. CreativeOne Wealth LLC now owns 1,831 shares of the company’s stock worth $436,000 after purchasing an additional 38 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its position in shares of Marriott International by 4.6% in the first quarter. Orbis Allan Gray Ltd now owns 309,641 shares of the company’s stock valued at $73,756,000 after purchasing an additional 13,750 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MAR shares. Truist Financial lifted their price objective on shares of Marriott International from $278.00 to $283.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Wells Fargo & Company began coverage on Marriott International in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $329.00 price target for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a report on Wednesday, October 8th. BMO Capital Markets lifted their target price on Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a report on Wednesday, November 5th. Finally, Barclays increased their price target on shares of Marriott International from $274.00 to $276.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Marriott International currently has an average rating of “Moderate Buy” and an average price target of $297.00.

Insider Buying and Selling at Marriott International

In related news, CAO Felitia Lee sold 1,617 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $305.98, for a total value of $494,769.66. Following the completion of the sale, the chief accounting officer owned 4,893 shares in the company, valued at $1,497,160.14. The trade was a 24.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peggy Roe sold 2,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $292.12, for a total transaction of $584,240.00. Following the transaction, the executive vice president owned 17,466 shares in the company, valued at $5,102,167.92. The trade was a 10.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 88,289 shares of company stock valued at $25,669,425. 10.68% of the stock is currently owned by company insiders.

Marriott International Trading Up 0.3%

Shares of NASDAQ MAR opened at $315.01 on Friday. The business has a 50-day moving average of $289.26 and a 200-day moving average of $275.03. The firm has a market capitalization of $84.53 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 3.05 and a beta of 1.16. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $316.69.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.09. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. On average, analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, November 20th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Marriott International’s dividend payout ratio is currently 28.30%.

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.