Marriott International, Inc. (NASDAQ:MAR) is Harbor Investment Advisory LLC’s Largest Position

Harbor Investment Advisory LLC reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 0.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 561,900 shares of the company’s stock after selling 42 shares during the period. Marriott International comprises about 13.1% of Harbor Investment Advisory LLC’s holdings, making the stock its largest position. Harbor Investment Advisory LLC’s holdings in Marriott International were worth $139,688,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Roble Belko & Company Inc lifted its position in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares during the last quarter. Bangor Savings Bank lifted its position in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter valued at about $26,000. Benjamin Edwards Inc. bought a new position in shares of Marriott International in the first quarter worth about $29,000. Finally, MFA Wealth Advisors LLC acquired a new stake in Marriott International in the 2nd quarter valued at approximately $28,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial reduced their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird decreased their price target on shares of Marriott International from $252.00 to $245.00 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $248.65.

Marriott International Price Performance

Shares of MAR stock traded up $5.13 during trading hours on Friday, hitting $254.61. 1,129,513 shares of the company’s stock were exchanged, compared to its average volume of 1,492,447. The stock 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 52 week low of $180.75 and a 52 week high of $260.57. The stock’s 50-day moving average is $230.95 and its 200-day moving average is $237.90.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. Marriott International’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.26 earnings per share. Equities research analysts forecast that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

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

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.