Harvest Fund Management Co. Ltd Has $1.18 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Harvest Fund Management Co. Ltd reduced its stake in Marriott International, Inc. (NASDAQ:MAR) by 10.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,251 shares of the company’s stock after selling 603 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marriott International were worth $1,176,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Yousif Capital Management LLC boosted its position in Marriott International by 12.8% during the 4th quarter. Yousif Capital Management LLC now owns 40,522 shares of the company’s stock worth $9,138,000 after buying an additional 4,593 shares during the period. Cumberland Partners Ltd acquired a new stake in Marriott International during the 4th quarter worth approximately $564,000. GAMMA Investing LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $292,000. Harbor Advisors LLC acquired a new stake in Marriott International during the 4th quarter worth approximately $226,000. Finally, Parkside Financial Bank & Trust boosted its position in Marriott International by 4.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,563 shares of the company’s stock worth $352,000 after buying an additional 73 shares during the period. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Up 1.0 %

MAR stock traded up $2.28 during midday trading on Tuesday, reaching $239.69. 1,194,355 shares of the company’s stock traded hands, compared to its average volume of 1,442,333. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.72 and a beta of 1.62. The firm’s fifty day moving average price is $248.18 and its 200-day moving average price is $226.48. Marriott International, Inc. has a 52 week low of $162.77 and a 52 week high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. The business had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. Marriott International’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Analysts forecast that Marriott International, Inc. will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAR. BMO Capital Markets boosted their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Argus boosted their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Wells Fargo & Company boosted their price target on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Robert W. Baird dropped their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Finally, Jefferies Financial Group boosted their price target on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Marriott International has an average rating of “Hold” and an average target price of $236.69.

Insider Transactions at Marriott International

In other news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares in the company, valued at $18,085.68. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 in the last quarter. 10.07% of the stock is currently 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.