Canoe Financial LP Sells 18,965 Shares of Marriott International, Inc. $MAR

Canoe Financial LP decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,541 shares of the company’s stock after selling 18,965 shares during the quarter. Canoe Financial LP’s holdings in Marriott International were worth $27,487,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MAR. AlphaQuest LLC lifted its holdings in Marriott International by 2,750.0% in the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after buying an additional 110 shares during the period. Addison Advisors LLC bought a new position in shares of Marriott International in the 2nd quarter worth about $34,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International in the 2nd quarter valued at about $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Marriott International during the second quarter worth approximately $38,000. Finally, Quaker Wealth Management LLC increased its holdings in Marriott International by 203.4% in the second quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAR has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a research report on Thursday, December 4th. Barclays raised 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. The Goldman Sachs Group upgraded shares of Marriott International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $288.00 to $345.00 in a report on Monday, December 15th. Robert W. Baird reduced their target price on Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Finally, BMO Capital Markets upped their price target on Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.00.

Marriott International Stock Performance

Shares of MAR opened at $315.01 on Friday. The firm has a market capitalization of $84.53 billion, a P/E ratio of 33.26, a P/E/G ratio of 3.05 and a beta of 1.16. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $316.69. The stock has a 50 day moving average price of $289.26 and a two-hundred day moving average price of $275.03.

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 company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.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, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

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

Insider Activity at Marriott International

In other news, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the transaction, the executive vice president directly owned 17,466 shares of the company’s stock, valued at $5,102,167.92. This represents a 10.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 6,666 shares of Marriott International stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $280.04, for a total value of $1,866,746.64. Following the sale, the insider owned 11,000 shares in the company, valued at $3,080,440. This trade represents a 37.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,289 shares of company stock valued at $25,669,425 over the last three months. Insiders own 10.68% of the company’s stock.

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.