Harbor Advisors LLC Invests $226,000 in Marriott International, Inc. (NASDAQ:MAR)

Harbor Advisors LLC bought a new stake in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust grew its position in Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock worth $295,000 after purchasing an additional 43 shares during the period. Argus Investors Counsel Inc. grew its position in Marriott International by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after purchasing an additional 45 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Marriott International by 2.8% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock worth $377,000 after purchasing an additional 45 shares during the period. Capital Investment Advisors LLC grew its position in Marriott International by 0.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock worth $1,177,000 after purchasing an additional 52 shares during the period. Finally, ORG Partners LLC grew its position in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of NASDAQ MAR traded up $2.28 during midday trading on Tuesday, reaching $239.69. 1,194,361 shares of the stock were exchanged, compared to its average volume of 1,442,321. The company has a 50 day simple moving average of $248.08 and a 200 day simple moving average of $226.17. The stock has a market capitalization of $69.26 billion, a P/E ratio of 23.30, a PEG ratio of 1.72 and a beta of 1.62. Marriott International, Inc. has a twelve month low of $162.77 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the company earned $1.96 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts expect that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 annualized dividend and a yield of 0.87%. Marriott International’s payout ratio is currently 20.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MAR shares. Barclays increased their target price on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday. UBS Group increased their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Argus increased their target price on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Mizuho decreased their price target on shares of Marriott International from $263.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Truist Financial raised their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $236.69.

Insider Buying and Selling at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Marriott International news, insider David S. Marriott sold 2,878 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total transaction of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares of the company’s stock, valued at approximately $148,378,695.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last quarter. Corporate insiders own 10.07% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.