Private Advisor Group LLC grew its stake in Marriott International Inc (NASDAQ:MAR) by 75.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,065 shares of the company’s stock after purchasing an additional 8,221 shares during the period. Private Advisor Group LLC’s holdings in Marriott International were worth $1,634,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in MAR. Modus Advisors LLC purchased a new position in shares of Marriott International during the 2nd quarter valued at approximately $28,000. TCI Wealth Advisors Inc. increased its position in shares of Marriott International by 64.3% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 327 shares of the company’s stock worth $28,000 after purchasing an additional 128 shares during the last quarter. Heritage Wealth Advisors increased its position in shares of Marriott International by 3,613.5% during the 2nd quarter. Heritage Wealth Advisors now owns 14,854 shares of the company’s stock worth $34,000 after purchasing an additional 14,454 shares during the last quarter. Atlas Private Wealth Management increased its position in shares of Marriott International by 43.6% during the 2nd quarter. Atlas Private Wealth Management now owns 461 shares of the company’s stock worth $40,000 after purchasing an additional 140 shares during the last quarter. Finally, First Manhattan Co. increased its position in shares of Marriott International by 53.8% during the 1st quarter. First Manhattan Co. now owns 643 shares of the company’s stock worth $48,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 58.28% of the company’s stock.
Shares of NASDAQ:MAR opened at $105.39 on Wednesday. The firm has a market capitalization of $34.18 billion, a PE ratio of 76.37 and a beta of 1.68. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50-day moving average of $96.46 and a two-hundred day moving average of $90.95. Marriott International Inc has a 12 month low of $46.56 and a 12 month high of $153.39.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.23). Marriott International had a return on equity of 238.84% and a net margin of 2.76%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $1.56 earnings per share. The business’s revenue was down 72.4% compared to the same quarter last year. As a group, research analysts anticipate that Marriott International Inc will post -0.24 earnings per share for the current year.
MAR has been the subject of a number of recent analyst reports. Gordon Haskett initiated coverage on Marriott International in a research report on Thursday, June 25th. They set a “hold” rating and a $89.00 price objective for the company. Jefferies Financial Group upgraded Marriott International from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $125.00 in a research report on Friday, August 14th. ValuEngine upgraded Marriott International from a “hold” rating to a “buy” rating in a research report on Friday, July 3rd. BidaskClub upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Citigroup upped their price objective on Marriott International from $75.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. Marriott International presently has a consensus rating of “Hold” and a consensus price target of $112.17.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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