Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,355 shares of the company's stock after purchasing an additional 3,375 shares during the period. Harvest Fund Management Co. Ltd's holdings in Marriott International were worth $4,562,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Wealth LLC boosted its stake in shares of Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company's stock worth $1,212,000 after buying an additional 1,112 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Marriott International during the third quarter worth approximately $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International during the fourth quarter worth $2,990,000. Markel Group Inc. increased its stake in Marriott International by 30.6% in the 4th quarter. Markel Group Inc. now owns 47,000 shares of the company's stock valued at $13,110,000 after buying an additional 11,000 shares during the period. Finally, Covea Finance raised its position in Marriott International by 69.9% during the 4th quarter. Covea Finance now owns 60,540 shares of the company's stock worth $16,887,000 after buying an additional 24,900 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 3.0 %

Shares of MAR traded down $7.35 during mid-day trading on Friday, reaching $237.49. 4,300,925 shares of the company's stock were exchanged, compared to its average volume of 1,424,127. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The company has a 50-day simple moving average of $275.53 and a two-hundred day simple moving average of $270.08. The company has a market cap of $65.47 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.42 and a beta of 1.58.

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Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. As a group, equities research analysts predict 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. Stockholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Marriott International's dividend payout ratio is presently 30.29%.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,694 shares of company stock valued at $8,938,132. Company insiders own 12.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAR. Barclays dropped their price target on shares of Marriott International from $287.00 to $283.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Jefferies Financial Group boosted their target price on Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Mizuho raised their price target on Marriott International from $246.00 to $293.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Susquehanna upped their price objective on Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Argus raised their target price on Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Marriott International currently has an average rating of "Hold" and an average target price of $286.05.

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.