Candriam S.C.A. Has $17.95 Million Stock Position in Marriott International, Inc. $MAR

Candriam S.C.A. reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 48.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,686 shares of the company’s stock after selling 61,805 shares during the period. Candriam S.C.A.’s holdings in Marriott International were worth $17,947,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey lifted its stake in Marriott International by 5.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 34,414 shares of the company’s stock valued at $9,402,000 after acquiring an additional 1,778 shares during the last quarter. Geode Capital Management LLC raised its holdings in Marriott International by 2.0% during the second quarter. Geode Capital Management LLC now owns 5,223,539 shares of the company’s stock valued at $1,420,308,000 after buying an additional 102,798 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Marriott International by 0.4% in the second quarter. Forsta AP Fonden now owns 46,600 shares of the company’s stock worth $12,732,000 after buying an additional 200 shares during the last quarter. Wealth Quarterback LLC bought a new stake in shares of Marriott International during the 2nd quarter worth about $244,000. Finally, National Pension Service raised its stake in shares of Marriott International by 2.8% in the 2nd quarter. National Pension Service now owns 593,901 shares of the company’s stock valued at $162,260,000 after acquiring an additional 16,413 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 1,650 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $286.10, for a total transaction of $472,065.00. Following the completion of the transaction, the executive vice president owned 18,225 shares in the company, valued at $5,214,172.50. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deborah Marriott Harrison sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total value of $20,414,100.00. Following the completion of the sale, the insider owned 175,210 shares in the company, valued at approximately $51,096,492.30. This represents a 28.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 85,799 shares of company stock valued at $24,911,376. Corporate insiders own 10.68% of the company’s stock.

Marriott International Stock Performance

Shares of MAR opened at $287.43 on Friday. The company has a 50-day simple moving average of $268.51 and a 200-day simple moving average of $266.75. Marriott International, Inc. has a 52 week low of $205.40 and a 52 week high of $307.52. The firm has a market capitalization of $77.13 billion, a P/E ratio of 30.35, a P/E/G ratio of 2.82 and a beta of 1.36.

Marriott International (NASDAQ:MAR) last issued its quarterly 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 firm had revenue of $1.73 billion for the quarter, compared to analyst estimates 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. FY 2025 guidance at 9.980-10.060 EPS. As a group, equities analysts forecast that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Marriott International announced that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Marriott International Announces Dividend

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

Analysts Set New Price Targets

MAR has been the subject of a number of recent analyst reports. Barclays upped their target price on Marriott International from $262.00 to $274.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Morgan Stanley decreased their price objective on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. BMO Capital Markets lifted their target price on shares of Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research report on Wednesday, October 8th. Finally, Truist Financial lifted their price objective on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $286.40.

Marriott International Profile

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.