Harbor Investment Advisory LLC Lowers Stake in Marriott International, Inc. $MAR

Harbor Investment Advisory LLC decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 533,911 shares of the company’s stock after selling 32,458 shares during the quarter. Marriott International makes up 13.7% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its largest position. Harbor Investment Advisory LLC’s holdings in Marriott International were worth $174,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MAR. Wellington Management Group LLP increased its stake in shares of Marriott International by 21.7% in the third quarter. Wellington Management Group LLP now owns 9,175,377 shares of the company’s stock worth $2,389,635,000 after purchasing an additional 1,637,119 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Marriott International by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock valued at $1,377,577,000 after buying an additional 118,504 shares in the last quarter. Capital International Investors boosted its holdings in Marriott International by 7.1% in the 4th quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock worth $1,274,475,000 after buying an additional 272,250 shares during the period. Norges Bank purchased a new position in Marriott International in the 4th quarter valued at approximately $812,570,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Marriott International by 13.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock valued at $582,952,000 after acquiring an additional 219,579 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Marriott International Stock Performance

Shares of MAR stock opened at $370.59 on Wednesday. The company has a market capitalization of $97.72 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10. Marriott International, Inc. has a 52-week low of $253.76 and a 52-week high of $410.98. The business’s fifty day moving average is $374.14 and its 200 day moving average is $344.80.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, May 6th. The company reported $2.72 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the business earned $2.32 earnings per share. The firm’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, sell-side analysts forecast that Marriott International, Inc. will post 11.64 EPS for the current fiscal year.

Marriott International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 0.8%. This is a positive change from Marriott International’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, May 22nd. Marriott International’s dividend payout ratio (DPR) is currently 30.64%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAR. Wells Fargo & Company raised their price target on Marriott International to $446.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Morgan Stanley increased their price objective on Marriott International from $350.00 to $353.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Susquehanna lifted their target price on Marriott International from $280.00 to $385.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. UBS Group upped their price target on Marriott International from $336.00 to $412.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Finally, Robert W. Baird cut their price objective on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has a consensus rating of “Moderate Buy” and an average price target of $384.73.

Insiders Place Their Bets

In related news, EVP Peggy Roe sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $361.56, for a total value of $1,084,680.00. Following the sale, the executive vice president directly owned 19,827 shares of the company’s stock, valued at $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.43% of the stock is owned by corporate insiders.

Marriott International Company Profile

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.