Cidel Asset Management Inc. lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,151 shares of the company’s stock after selling 5,225 shares during the period. Cidel Asset Management Inc.’s holdings in Marriott International were worth $19,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of MAR. Moss Adams Wealth Advisors LLC bought a new stake in Marriott International in the 3rd quarter valued at $310,000. Global Assets Advisory LLC purchased a new position in shares of Marriott International during the third quarter valued at about $203,000. Americana Partners LLC grew its position in shares of Marriott International by 13.5% during the third quarter. Americana Partners LLC now owns 4,733 shares of the company’s stock valued at $1,683,000 after purchasing an additional 563 shares in the last quarter. Aprio Wealth Management LLC increased its holdings in shares of Marriott International by 7.6% in the third quarter. Aprio Wealth Management LLC now owns 2,729 shares of the company’s stock worth $971,000 after purchasing an additional 192 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Marriott International by 301.6% in the third quarter. State of Wyoming now owns 771 shares of the company’s stock worth $274,000 after purchasing an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.
Insider Activity at Marriott International
In other Marriott International news, insider David S. Marriott sold 3,500 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $352.09, for a total value of $1,232,315.00. Following the completion of the sale, the insider directly owned 282,383 shares in the company, valued at approximately $99,424,230.47. This represents a 1.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Deborah Harrison sold 3,500 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $352.09, for a total value of $1,232,315.00. Following the transaction, the insider directly owned 282,383 shares in the company, valued at $99,424,230.47. The trade was a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.43% of the stock is owned by corporate insiders.
More Marriott International News
Here are the key news stories impacting Marriott International this week:
- Positive Sentiment: Marriott’s upcoming earnings remain a potential catalyst. Analysts are focused on revenue per available room (RevPAR), fee income and cost controls, with expectations for higher earnings and revenue. MAR Gears Up for Q3 Earnings: RevPAR and Fee Growth in Focus
- Positive Sentiment: Marriott continues to expand its global hotel pipeline. Planned developments include a 282-room JW Marriott resort in Fiji, a Courtyard by Marriott in Takayama, Japan, and the company’s first EDITION hotel in Africa, in Cape Town. These projects could support long-term fee growth and brand visibility. JW Marriott brand to debut in Fiji Courtyard by Marriott in Takayama Marriott opens first African EDITION
- Neutral Sentiment: Marriott confirmed corporate job cuts. The move could improve operating efficiency and support margins, although it also signals efforts to manage costs amid an uncertain economic environment. Marriott Confirms Corporate Job Cuts
- Negative Sentiment: Evercore ISI lowered its price target for MAR to $400 from $420, reducing a valuation-related support for the shares. Evercore ISI Adjusts Price Target on Marriott
- Negative Sentiment: Exchange-traded funds were reported as net sellers of Marriott stock on October 27, creating near-term technical selling pressure. ETFs Are Net Sellers of Marriott
- Negative Sentiment: Investors are also assessing the potential effect of the Iran war and broader economic uncertainty on travel demand, costs and Marriott’s growth outlook ahead of earnings. Marriott shares in focus ahead of Q3 earnings
Analyst Ratings Changes
MAR has been the subject of a number of research reports. UBS Group dropped their price target on Marriott International from $412.00 to $395.00 and set a “neutral” rating for the company in a research note on Thursday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a research note on Friday, August 7th. BMO Capital Markets decreased their price objective on Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. China Intl Cap raised Marriott International to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, TD Cowen upgraded Marriott International to a “strong-buy” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $383.52.
View Our Latest Research Report on MAR
Marriott International Trading Down 0.1%
Shares of MAR opened at $399.30 on Friday. The company has a market cap of $104.13 billion, a P/E ratio of 41.38, a P/E/G ratio of 3.03 and a beta of 1.17. Marriott International, Inc. has a twelve month low of $256.76 and a twelve month high of $410.98. The company’s fifty day simple moving average is $360.20 and its 200-day simple moving average is $355.73.
Marriott International (NASDAQ:MAR – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.11. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the business earned $2.65 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. 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. Analysts predict that Marriott International, Inc. will post 11.73 earnings per share for the current fiscal year.
Marriott International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, August 20th were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 20th. Marriott International’s dividend payout ratio is currently 30.26%.
Marriott International Company Profile
Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.
Marriott traces its origins to 1927, when J.
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