Marriott International, Inc. $MAR Stock: Candriam S.C.A. Trims Holdings

Candriam S.C.A. trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,606 shares of the company’s stock after selling 4,602 shares during the quarter. Candriam S.C.A.’s holdings in Marriott International were worth $39,483,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Guidance Capital Inc. raised its stake in Marriott International by 3.9% during the 3rd quarter. Guidance Capital Inc. now owns 674 shares of the company’s stock valued at $240,000 after acquiring an additional 25 shares in the last quarter. Kintegral Advisory LLC increased its stake in Marriott International by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 4,731 shares of the company’s stock valued at $1,683,000 after buying an additional 26 shares during the period. Evergreen Capital Management LLC raised its position in shares of Marriott International by 0.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 5,366 shares of the company’s stock worth $1,909,000 after buying an additional 26 shares in the last quarter. World Equity Group Inc. lifted its stake in shares of Marriott International by 2.0% in the 2nd quarter. World Equity Group Inc. now owns 1,437 shares of the company’s stock worth $533,000 after acquiring an additional 28 shares during the period. Finally, Founders Financial Securities LLC lifted its stake in shares of Marriott International by 0.8% in the 3rd quarter. Founders Financial Securities LLC now owns 3,493 shares of the company’s stock worth $1,242,000 after acquiring an additional 28 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on MAR shares. JPMorgan Chase & Co. upped their price objective on Marriott International from $388.00 to $406.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. Mizuho dropped their price target on shares of Marriott International from $384.00 to $374.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a report on Wednesday. Wolfe Research initiated coverage on shares of Marriott International in a report on Wednesday, September 2nd. They set a “hold” rating for the company. Finally, TD Cowen upgraded shares of Marriott International to a “strong-buy” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $399.04.

More Marriott International News

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott declared a quarterly cash dividend of $0.73 per share, payable December 31 to shareholders of record November 19. The annualized dividend is $2.92, a modest income-return component for investors. Marriott dividend announcement
• Positive Sentiment: Recent quarterly results beat analyst estimates for earnings and revenue; a MarketBeat review noted that fee growth outpaced room revenue, supporting the view that Marriott’s performance is not solely dependent on travel demand. Marriott earnings analysis
• Positive Sentiment: Marriott is entering Laos with a Luxury Collection property, extending its international brand presence and potential fee-generating hotel network. Marriott debuts in Laos
• Positive Sentiment: Recent headlines point to bullish views from Robert W. Baird, Barclays and Goldman Sachs, while Zacks characterized MAR as a strong momentum stock. These indicate favorable analyst and trend sentiment, though the provided reports give no price targets or detailed rationale. Baird view Barclays view Goldman Sachs view Zacks momentum article
• Negative Sentiment: CEO Anthony Capuano sold 63,355 shares for about $26.6 million, reducing his direct stake by 55.47%. EVPs Rena Reiss and Benjamin Breland also sold shares. Multiple insider sales can raise investor concern, although the filings alone do not establish the executives’ reasons. CEO SEC filing Rena Reiss SEC filing Benjamin Breland SEC filing
• Negative Sentiment: Freedom Broker downgraded Marriott from “strong buy” to “hold,” tempering the otherwise positive analyst headlines. Freedom Broker ratings

Marriott International Price Performance

Shares of NASDAQ MAR opened at $416.47 on Friday. The business’s 50-day moving average price is $366.29 and its two-hundred day moving average price is $358.15. Marriott International, Inc. has a one year low of $280.99 and a one year high of $433.30. The company has a market capitalization of $107.24 billion, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 2nd. The company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.18. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $6.93 billion. Marriott International had a net margin of 9.68% and a negative return on equity of 69.94%. Marriott International’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.47 EPS. On average, equities analysts anticipate that Marriott International, Inc. will post 12.10 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, November 19th. Marriott International’s dividend payout ratio (DPR) is 29.14%.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 63,355 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $420.12, for a total transaction of $26,616,702.60. Following the completion of the sale, the chief executive officer directly owned 50,867 shares in the company, valued at $21,370,244.04. This represents a 55.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David S. Marriott sold 3,500 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 77,824 shares of company stock valued at $32,243,110. 11.43% of the stock is owned by corporate insiders.

Marriott International Company Profile

Marriott International is a global lodging company that manages, franchises, and licenses hotels, resorts, and other accommodations. Its portfolio spans luxury, premium, select-service, and extended-stay brands, including The Ritz-Carlton, St. Regis, W Hotels, Marriott, Sheraton, Courtyard, Residence Inn, and Moxy.

The company traces its origins to a root beer stand opened by J. Willard and Alice Marriott in Washington, DC, in 1927. It entered the lodging business in the 1950s and is headquartered in Bethesda, Maryland.

Marriott serves travelers in countries and territories around the world and offers the Marriott Bonvoy loyalty program.