Jupiter Asset Management Ltd. Acquires 79,134 Shares of Marriott International, Inc. (NASDAQ:MAR)

Jupiter Asset Management Ltd. lifted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2,337.1% in the first quarter, Holdings Channel reports. The fund owned 82,520 shares of the company’s stock after purchasing an additional 79,134 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Marriott International were worth $12,211,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAR. Elo Mutual Pension Insurance Co grew its holdings in Marriott International by 1.5% in the first quarter. Elo Mutual Pension Insurance Co now owns 19,889 shares of the company’s stock worth $2,946,000 after purchasing an additional 290 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Marriott International by 84.6% in the first quarter. Mercer Global Advisors Inc. ADV now owns 11,032 shares of the company’s stock worth $1,633,000 after acquiring an additional 5,057 shares during the period. Motley Fool Asset Management LLC raised its position in shares of Marriott International by 1,372.8% in the first quarter. Motley Fool Asset Management LLC now owns 109,859 shares of the company’s stock worth $39,115,000 after acquiring an additional 102,400 shares during the period. Varma Mutual Pension Insurance Co grew its stake in Marriott International by 491.3% during the 1st quarter. Varma Mutual Pension Insurance Co now owns 90,265 shares of the company’s stock valued at $13,369,000 after acquiring an additional 75,000 shares in the last quarter. Finally, Marcum Wealth LLC grew its stake in Marriott International by 184.6% during the 1st quarter. Marcum Wealth LLC now owns 6,526 shares of the company’s stock valued at $967,000 after acquiring an additional 4,233 shares in the last quarter. 58.73% of the stock is owned by hedge funds and other institutional investors.

In other Marriott International news, insider Craig S. Smith sold 6,099 shares of the company’s stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $148.10, for a total value of $903,261.90. Also, Director George Munoz sold 8,694 shares of the company’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $156.29, for a total transaction of $1,358,785.26. Following the completion of the sale, the director now directly owns 8,018 shares in the company, valued at approximately $1,253,133.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,153 shares of company stock worth $2,311,749. 12.41% of the stock is owned by insiders.

Shares of Marriott International stock opened at $143.97 on Friday. The firm has a market capitalization of $46.71 billion, a price-to-earnings ratio of -153.16 and a beta of 1.89. Marriott International, Inc. has a 52-week low of $80.26 and a 52-week high of $159.98. The business’s 50-day moving average price is $145.13. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 40.11.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, May 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.42 billion. Marriott International had a negative net margin of 3.77% and a negative return on equity of 57.49%. The firm’s revenue was down 50.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Equities analysts forecast that Marriott International, Inc. will post 2.09 EPS for the current fiscal year.

MAR has been the subject of several analyst reports. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and increased their price target for the company from $150.00 to $158.00 in a research note on Monday, February 22nd. Robert W. Baird reiterated a “hold” rating and set a $140.00 target price on shares of Marriott International in a report on Thursday, May 13th. Truist increased their price objective on shares of Marriott International from $119.00 to $133.00 in a research report on Wednesday, May 12th. Stifel Nicolaus increased their price objective on shares of Marriott International from $120.00 to $140.00 and gave the company a “hold” rating in a research report on Monday, May 10th. Finally, Wells Fargo & Company increased their price objective on shares of Marriott International from $147.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, February 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $133.79.

About Marriott International

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

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