Harvest Fund Management Co. Ltd Has $4.56 Million Stake in Marriott International, Inc. (NASDAQ:MAR)

Harvest Fund Management Co. Ltd raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,355 shares of the company’s stock after purchasing an additional 3,375 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marriott International were worth $4,562,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC raised its position in Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after purchasing an additional 37 shares during the last quarter. TFG Advisers LLC raised its position in Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after purchasing an additional 37 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after purchasing an additional 38 shares during the last quarter. Evermay Wealth Management LLC raised its position in Marriott International by 1.1% in the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares during the last quarter. Finally, Essex Financial Services Inc. raised its position in Marriott International by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock valued at $838,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $240.39 on Wednesday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The business has a 50-day moving average of $277.29 and a two-hundred day moving average of $270.12. The company has a market capitalization of $66.27 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, equities analysts anticipate that Marriott International, Inc. will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.05%. Marriott International’s payout ratio is presently 30.29%.

Analysts Set New Price Targets

MAR has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial boosted their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Barclays dropped their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Marriott International has a consensus rating of “Hold” and a consensus price target of $286.45.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the completion of the transaction, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by corporate insiders.

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.