Canoe Financial LP Sells 3,786 Shares of Marriott International, Inc. $MAR

Canoe Financial LP lowered its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,755 shares of the company’s stock after selling 3,786 shares during the quarter. Canoe Financial LP’s holdings in Marriott International were worth $31,568,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Marriott International during the 2nd quarter valued at about $638,968,000. Wellington Management Group LLP lifted its stake in Marriott International by 21.7% in the third quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock valued at $2,389,635,000 after buying an additional 1,637,119 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Marriott International by 7.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,921,767 shares of the company’s stock worth $1,281,825,000 after buying an additional 330,952 shares in the last quarter. Amundi grew its position in shares of Marriott International by 52.0% during the 3rd quarter. Amundi now owns 741,408 shares of the company’s stock worth $201,618,000 after buying an additional 253,696 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Marriott International by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 20,774,015 shares of the company’s stock valued at $5,410,384,000 after acquiring an additional 230,820 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider William P. Brown sold 9,456 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $358.25, for a total value of $3,387,612.00. Following the completion of the sale, the insider owned 11,000 shares in the company, valued at $3,940,750. This represents a 46.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Drew Pinto sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $359.81, for a total transaction of $1,439,240.00. Following the transaction, the executive vice president owned 8,221 shares in the company, valued at approximately $2,957,998.01. This trade represents a 32.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 95,540 shares of company stock worth $34,274,055 in the last three months. 10.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Jefferies Financial Group upped their price objective on shares of Marriott International from $357.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Truist Financial raised their target price on Marriott International from $283.00 to $350.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Wells Fargo & Company upped their price target on Marriott International from $353.00 to $403.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, Barclays increased their price target on Marriott International from $320.00 to $356.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Marriott International has an average rating of “Moderate Buy” and a consensus price target of $343.47.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $317.54 on Friday. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $370.00. The stock has a market capitalization of $84.14 billion, a P/E ratio of 33.46, a P/E/G ratio of 2.80 and a beta of 1.09. The company has a 50-day moving average price of $331.21 and a 200-day moving average price of $302.62.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.03). The business had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.67 billion. Marriott International had a net margin of 9.93% and a negative return on equity of 84.23%. Marriott International’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 EPS. Marriott International has set its FY 2026 guidance at 11.320-11.570 EPS and its Q1 2026 guidance at 2.500-2.550 EPS. As a group, equities research analysts anticipate that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, February 26th will be issued a dividend of $0.67 per share. The ex-dividend date is Thursday, February 26th. This represents a $2.68 annualized dividend and a yield of 0.8%. Marriott International’s dividend payout ratio is 28.24%.

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.