Voya Financial Advisors Inc. lessened its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,885 shares of the company’s stock after selling 134 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Marriott International were worth $637,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Eudaimonia Partners LLC increased its position in Marriott International by 9.4% during the 3rd quarter. Eudaimonia Partners LLC now owns 1,046 shares of the company’s stock worth $97,000 after purchasing an additional 90 shares in the last quarter. Adviser Investments LLC lifted its stake in shares of Marriott International by 0.5% in the 4th quarter. Adviser Investments LLC now owns 19,352 shares of the company’s stock valued at $2,553,000 after purchasing an additional 93 shares in the last quarter. Maryland Capital Management lifted its position in Marriott International by 2.2% during the 4th quarter. Maryland Capital Management now owns 4,479 shares of the company’s stock worth $591,000 after acquiring an additional 97 shares in the last quarter. Family Firm Inc. lifted its position in Marriott International by 4.2% during the 4th quarter. Family Firm Inc. now owns 2,578 shares of the company’s stock worth $327,000 after acquiring an additional 104 shares in the last quarter. Finally, Sawtooth Solutions LLC lifted its position in Marriott International by 2.5% during the 4th quarter. Sawtooth Solutions LLC now owns 5,704 shares of the company’s stock worth $753,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 57.71% of the company’s stock.
MAR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Marriott International from $96.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 19th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Marriott International from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $150.00 in a research report on Tuesday, December 15th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and upped their target price for the company from $150.00 to $158.00 in a research report on Monday, March 1st. Wells Fargo & Company upped their target price on Marriott International from $147.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, March 1st. Finally, Smith Barney Citigroup raised Marriott International from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Marriott International currently has a consensus rating of “Hold” and an average target price of $125.32.
Shares of MAR stock opened at $148.81 on Thursday. The company has a debt-to-equity ratio of 42.27, a quick ratio of 0.59 and a current ratio of 0.59. Marriott International, Inc. has a 1 year low of $71.52 and a 1 year high of $159.98. The stock has a fifty day moving average of $147.04 and a two-hundred day moving average of $124.19. The firm has a market capitalization of $48.28 billion, a PE ratio of 280.78 and a beta of 1.83.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Thursday, February 18th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.42 billion. Marriott International had a return on equity of 188.71% and a net margin of 1.28%. During the same quarter in the previous year, the firm posted $1.57 EPS. Equities research analysts predict that Marriott International, Inc. will post -0.22 earnings per share for the current fiscal year.
About Marriott International
Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA“). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.
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