Fundsmith 13F: Cuts Marriott International (MAR) Stake by $226M

Fundsmith Trims Marriott Stake

Fundsmith scaled back its investment in Marriott International, Inc. MAR, cutting its holdings by 15.3% during the period covered by its latest SEC form 13F filing. The fund sold 609,055 shares of the hotel operator, bringing its prior count of 3,979,927 down to an ending total of 3,370,872 shares. That remaining stake held a reported value of about $1.25 billion at the close of the reporting window. Because 13F filings look backward at portfolio holdings from the end of the quarter, the figures reflect past positioning and may not capture the fund's current share count today.

Marriott Stock Performance And Valuation

Marriott shares change hands near the $370.59 mark, sitting not far from its 50-day moving average of $351.40 and its 200-day moving average of $351.84. The lodging operator carries a market capitalization near $100.58 billion. For investors tracking profitability metrics, the company prints an earnings per share figure of $9.66, which places its trailing price-to-earnings ratio at 39.93. Its forward-looking P/E ratio sits at 29.33.

Recent Earnings Results

Marriott posted quarterly revenue of $7.38 billion, representing an 11.1% growth rate. The lodging giant recorded a net profit margin of 35.03% alongside a robust return on equity. The company's next corporate earnings update is scheduled for November 2, 2026, which will give investors a fresh look at its financial health and room bookings.

Dividend Distribution Details

Marriott returns capital to shareholders through a regular dividend payment yielding 0.76%. The company maintains a conservative dividend payout ratio of 28.36%, leaving plenty of earnings retained to fuel hotel development and franchising expansion worldwide.

Wall Street Analyst Views

Wall Street firms continue to update their views on the lodging operator through recent rating changes and price targets. On October 14, 2026, Freedom Broker initiated coverage with a buy rating and a $408 price target. Earlier on October 12, 2026, Morgan Stanley maintained an overweight rating while lifting its target from $380 to $384. On September 10, 2026, Truist Securities kept a hold rating with a target of $360. Overall, the stock holds a consensus buy rating backed by 26 analyst opinions and a mean price target of $383.54.

Inside Marriott International

Marriott International, Inc. operates, franchises, and licenses lodging properties across the United States, Canada, Europe, Asia, and international markets. Its extensive portfolio spans luxury and select-service hotel brands, residences, timeshares, and yachts. Fundsmith's recent portfolio adjustment comes as the lodging giant continues to expand its global footprint through new property openings and brand licensing.

What to Watch at Marriott International, Inc.

Investors tracking Fundsmith will look to future quarterly disclosures to see if the fund continues trimming its hospitality holdings or stabilizes its position. Meanwhile, market participants should watch the upcoming November earnings report and monitor how shares behave relative to their moving averages.