ABN AMRO Bank N.V. Invests $536,000 in Marriott International, Inc. $MAR

ABN AMRO Bank N.V. acquired a new stake in Marriott International, Inc. (NASDAQ:MARFree Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,064 shares of the company’s stock, valued at approximately $536,000.

A number of other large investors have also recently added to or reduced their stakes in MAR. Norges Bank acquired a new stake in shares of Marriott International in the second quarter worth $638,968,000. Boston Partners acquired a new position in Marriott International during the 2nd quarter worth $196,579,000. Massachusetts Financial Services Co. MA boosted its holdings in Marriott International by 7.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,921,767 shares of the company’s stock valued at $1,281,825,000 after acquiring an additional 330,952 shares during the period. Laurel Wealth Advisors LLC grew its position in shares of Marriott International by 27,221.0% in the second quarter. Laurel Wealth Advisors LLC now owns 315,558 shares of the company’s stock valued at $86,214,000 after purchasing an additional 314,403 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Marriott International by 1.5% in the second quarter. Vanguard Group Inc. now owns 20,543,195 shares of the company’s stock worth $5,612,606,000 after purchasing an additional 306,717 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of Marriott International stock opened at $326.45 on Friday. Marriott International, Inc. has a 52-week low of $205.40 and a 52-week high of $331.09. The firm has a market capitalization of $87.60 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 2.54 and a beta of 1.13. The company’s fifty day moving average price is $312.61 and its two-hundred day moving average price is $285.12.

Marriott International (NASDAQ:MARGet Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.09. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Analysts predict that Marriott International, Inc. will post 10.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on MAR shares. JPMorgan Chase & Co. raised their target price on Marriott International from $294.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup raised their price objective on shares of Marriott International from $285.00 to $345.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Evercore ISI boosted their target price on shares of Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Robert W. Baird reduced their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Finally, BMO Capital Markets upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $285.00 to $370.00 in a report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Marriott International currently has an average rating of “Moderate Buy” and a consensus price target of $316.19.

View Our Latest Report on Marriott International

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $292.12, for a total value of $584,240.00. Following the sale, the executive vice president directly owned 17,466 shares in the company, valued at $5,102,167.92. This represents a 10.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Deborah Marriott Harrison sold 70,000 shares of Marriott International stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total value of $20,414,100.00. Following the transaction, the insider directly owned 175,210 shares of the company’s stock, valued at approximately $51,096,492.30. The trade was a 28.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 74,490 shares of company stock valued at $21,756,389. 10.68% of the stock is currently owned by corporate insiders.

Trending Headlines about Marriott International

Here are the key news stories impacting Marriott International this week:

About Marriott International

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International, Inc. (NASDAQ:MARFree Report).

Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.