Harvest Fund Management Co. Ltd Purchases 3,376 Shares of Marriott International, Inc. $MAR

Harvest Fund Management Co. Ltd lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 20.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,036 shares of the company’s stock after purchasing an additional 3,376 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marriott International were worth $6,216,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Marriott International in the 4th quarter valued at approximately $812,570,000. Wellington Management Group LLP raised its position in shares of Marriott International by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock valued at $2,389,635,000 after acquiring an additional 1,637,119 shares during the period. Amundi raised its holdings in Marriott International by 52.0% during the 3rd quarter. Amundi now owns 741,408 shares of the company’s stock worth $201,618,000 after buying an additional 253,696 shares during the period. Vanguard Group Inc. raised its holdings in Marriott International by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 20,774,015 shares of the company’s stock worth $5,410,384,000 after buying an additional 230,820 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Marriott International by 26.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 846,740 shares of the company’s stock worth $220,525,000 after buying an additional 175,637 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR opened at $385.30 on Friday. Marriott International, Inc. has a fifty-two week low of $253.55 and a fifty-two week high of $388.37. The company has a market capitalization of $101.60 billion, a P/E ratio of 40.43, a P/E/G ratio of 3.00 and a beta of 1.10. The stock has a fifty day moving average of $357.38 and a 200-day moving average of $332.81.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, May 6th. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Marriott International had a negative return on equity of 80.97% and a net margin of 9.72%.The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter last year, the firm earned $2.32 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Marriott International has set its FY 2026 guidance at 11.380-11.630 EPS and its Q2 2026 guidance at 2.990-3.060 EPS. On average, equities research analysts predict that Marriott International, Inc. will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, May 22nd. Marriott International’s payout ratio is presently 30.64%.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Jefferies Financial Group raised their target price on shares of Marriott International from $357.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “buy (b)” rating on shares of Marriott International in a report on Monday, May 11th. Morgan Stanley raised their target price on shares of Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Marriott International to $446.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has an average rating of “Moderate Buy” and a consensus target price of $382.07.

Insider Buying and Selling

In related news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the completion of the transaction, the executive vice president owned 19,827 shares of the company’s stock, valued at $7,168,650.12. The trade was a 13.14% 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. 11.43% of the stock is currently owned by company insiders.

About Marriott International

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.