Marriott International, Inc. (NASDAQ:MAR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,080 shares of the company’s stock after selling 20,604 shares during the period. The Manufacturers Life Insurance Company owned about 0.09% of Marriott International worth $28,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Marriott International during the third quarter worth $28,000. Atlas Private Wealth Management grew its stake in shares of 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 purchasing an additional 140 shares in the last quarter. 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 worth $43,000 after purchasing an additional 375 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Marriott International during the third quarter worth $47,000. Finally, Smithfield Trust Co. grew its stake in shares of Marriott International by 172.3% during the second quarter. Smithfield Trust Co. now owns 629 shares of the company’s stock worth $54,000 after purchasing an additional 398 shares in the last quarter. Institutional investors and hedge funds own 58.28% of the company’s stock.

MAR stock opened at $119.28 on Friday. The company’s 50 day simple moving average is $102.33 and its 200-day simple moving average is $95.21. The firm has a market capitalization of $38.69 billion, a PE ratio of 86.44 and a beta of 1.68. Marriott International, Inc. has a 12 month low of $46.56 and a 12 month high of $153.39.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Friday, November 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.29 billion. Marriott International had a net margin of 2.76% and a return on equity of 238.84%. The company’s quarterly revenue was down 57.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 earnings per share. Sell-side analysts expect that Marriott International, Inc. will post -0.25 EPS for the current year.

A number of brokerages recently commented on MAR. BMO Capital Markets upgraded shares of Marriott International from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $83.00 to $95.00 in a research note on Tuesday, October 13th. Wells Fargo & Company boosted their target price on shares of Marriott International from $114.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 16th. Bank of America boosted their price target on shares of Marriott International from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Jefferies Financial Group raised shares of Marriott International from a “hold” rating to a “buy” rating and boosted their price target for the company from $88.00 to $125.00 in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Marriott International from $90.00 to $96.00 and gave the company a “hold” rating in a research report on Monday, November 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $115.50.

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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