Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Cut by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC trimmed its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 557,761 shares of the company’s stock after selling 4,139 shares during the quarter. Marriott International makes up about 13.7% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its largest holding. Harbor Investment Advisory LLC owned approximately 0.20% of Marriott International worth $155,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Silvant Capital Management LLC bought a new stake in Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International in the third quarter valued at $33,000. ORG Partners LLC raised its holdings in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the period. Cyrus J. Lawrence LLC purchased a new stake in shares of Marriott International during the second quarter valued at $36,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in Marriott International in the 3rd quarter worth about $40,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of Marriott International stock opened at $277.18 on Tuesday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The business has a 50-day simple moving average of $282.53 and a 200-day simple moving average of $256.13. The company has a market cap of $77.03 billion, a PE ratio of 28.99, a P/E/G ratio of 4.48 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. On average, sell-side analysts predict that Marriott International, Inc. will post 9.25 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s payout ratio is currently 26.36%.

Insiders Place Their Bets

In other news, CAO Felitia Lee sold 916 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the sale, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now directly owns 12,286 shares in the company, valued at $3,372,384.14. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

MAR has been the topic of several research reports. Barclays lifted their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets upped their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $272.15.

Marriott International Company 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.