Marriott International, Inc. (NASDAQ:MAR) Position Lowered by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC cut its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 561,900 shares of the company’s stock after selling 42 shares during the period. Marriott International makes up 13.1% of Harbor Investment Advisory LLC’s holdings, making the stock its biggest holding. Harbor Investment Advisory LLC owned 0.20% of Marriott International worth $139,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Marriott International by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 10,616,899 shares of the company’s stock valued at $2,678,750,000 after buying an additional 192,652 shares in the last quarter. Capital International Investors grew its stake in Marriott International by 4.7% during the 1st quarter. Capital International Investors now owns 3,296,879 shares of the company’s stock worth $831,836,000 after buying an additional 149,378 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after acquiring an additional 33,149 shares during the last quarter. First Pacific Advisors LP raised its position in Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock valued at $148,255,000 after purchasing an additional 12,499 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Marriott International during the 1st quarter worth $153,697,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of Marriott International stock traded up $5.13 during trading on Friday, reaching $254.61. The company had a trading volume of 1,129,513 shares, compared to its average volume of 1,492,447. The company has a market cap of $72.72 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 5.68 and a beta of 1.59. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $260.57. The firm’s fifty day moving average is $230.95 and its 200-day moving average is $237.90.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.26 EPS. On average, research analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAR shares. UBS Group cut their price target on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Morgan Stanley dropped their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Truist Financial dropped their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $248.65.

About Marriott International

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.