Marriott International, Inc. $MAR Stock: Cidel Asset Management Inc. Lowers Stake

Key Points

• Cidel Asset Management reduced its Marriott stake by 8.8% in the third quarter, selling 5,225 shares and retaining 54,151 shares valued at approximately $19.26 million. Institutional investors collectively own 70.7% of MAR.
• Analysts remain broadly positive, with Marriott carrying a “Moderate Buy” consensus rating and an average price target of $383.52. Recent targets range from $363 to $410.
• MAR shares opened at $399.30, near their 52-week high of $410.98. The company beat quarterly EPS estimates, declared a $0.73 quarterly dividend, and is expanding its global hotel pipeline, although cost-cutting, ETF selling and economic uncertainty pose risks.

Cidel Asset Management Inc. lowered its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,151 shares of the company's stock after selling 5,225 shares during the quarter. Cidel Asset Management Inc.'s holdings in Marriott International were worth $19,260,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MAR. State Street Corp boosted its stake in shares of Marriott International by 2.9% in the 2nd quarter. State Street Corp now owns 9,644,773 shares of the company's stock worth $3,574,256,000 after buying an additional 272,044 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Marriott International during the second quarter valued at $81,872,000. William Blair Investment Management LLC increased its position in Marriott International by 255.5% during the second quarter. William Blair Investment Management LLC now owns 300,872 shares of the company's stock valued at $111,500,000 after acquiring an additional 216,241 shares during the last quarter. Danske Bank A S lifted its holdings in Marriott International by 170.4% in the second quarter. Danske Bank A S now owns 326,743 shares of the company's stock valued at $121,088,000 after acquiring an additional 205,886 shares during the period. Finally, Nykredit A S purchased a new position in Marriott International in the second quarter worth about $44,942,000. Institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MAR. Morgan Stanley upped their price target on shares of Marriott International from $384.00 to $403.00 and gave the company an "overweight" rating in a research report on Thursday, October 22nd. The Goldman Sachs Group dropped their price objective on shares of Marriott International from $405.00 to $400.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. CICC Research assumed coverage on shares of Marriott International in a research report on Wednesday, August 12th. They set an "outperform" rating and a $410.00 target price for the company. China Intl Cap raised shares of Marriott International to a "strong-buy" rating in a report on Wednesday, August 12th. Finally, Barclays lifted their price target on shares of Marriott International from $348.00 to $363.00 and gave the stock an "equal weight" rating in a research note on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $383.52.

Marriott International Stock Down 0.1%

Shares of MAR opened at $399.30 on Friday. The business has a 50-day simple moving average of $360.20 and a two-hundred day simple moving average of $355.73. Marriott International, Inc. has a 52 week low of $256.76 and a 52 week high of $410.98. The stock has a market cap of $104.13 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 3.03 and a beta of 1.17.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.08 by $0.11. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $7.19 billion. Marriott International had a negative return on equity of 75.81% and a net margin of 9.62%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 EPS. 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. On average, equities analysts anticipate that Marriott International, Inc. will post 11.73 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th were paid a $0.73 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 0.7%. Marriott International's dividend payout ratio is 30.26%.

Key Headlines Impacting Marriott International

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

Insiders Place Their Bets

In related news, insider Deborah Harrison sold 3,500 shares of the company's stock in a transaction on 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 transaction, the insider owned 282,383 shares of the company's stock, 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 SEC, which is accessible through this link. Also, insider David S. Marriott 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 completion of the sale, the insider owned 282,383 shares of the company's stock, valued at $99,424,230.47. The trade was a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.43% of the company's stock.

Marriott International 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.

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.