Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 82.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,469 shares of the company’s stock after buying an additional 2,917 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Marriott International were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Modus Advisors LLC bought a new stake in Marriott International during the second quarter worth about $28,000. TCI Wealth Advisors Inc. grew its stake in Marriott International by 64.3% during the second quarter. TCI Wealth Advisors Inc. now owns 327 shares of the company’s stock worth $28,000 after buying an additional 128 shares during the last quarter. Heritage Wealth Advisors grew its stake in Marriott International by 3,613.5% during the second quarter. Heritage Wealth Advisors now owns 14,854 shares of the company’s stock worth $34,000 after buying an additional 14,454 shares during the last quarter. Atlas Private Wealth Management grew its stake in Marriott International by 43.6% during the second quarter. Atlas Private Wealth Management now owns 461 shares of the company’s stock worth $40,000 after buying an additional 140 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of Marriott International by 378.8% during the third quarter. Bogart Wealth LLC now owns 474 shares of the company’s stock valued at $43,000 after purchasing an additional 375 shares during the last quarter. 58.28% of the stock is currently owned by hedge funds and other institutional investors.
MAR has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Marriott International from $127.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Barclays raised their price objective on shares of Marriott International from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. BMO Capital Markets raised shares of Marriott International from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $83.00 to $95.00 in a research note on Tuesday, October 13th. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating and set a $96.00 price objective on the stock in a research note on Friday, September 25th. Finally, BidaskClub upgraded shares of Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 1st. Eighteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $112.48.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.23). Marriott International had a net margin of 2.76% and a return on equity of 238.84%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The firm’s quarterly revenue was down 72.4% on a year-over-year basis. Equities analysts expect that Marriott International, Inc. will post -0.23 earnings per share for the current fiscal year.
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.
Featured Article: Cost of Goods Sold (COGS)
