National Asset Management Inc. lifted its position in Marriott International, Inc. (NASDAQ:MAR) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,900 shares of the company’s stock after buying an additional 380 shares during the quarter. National Asset Management Inc.’s holdings in Marriott International were worth $454,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in MAR. SOL Capital Management CO boosted its position in Marriott International by 2.4% during the third quarter. SOL Capital Management CO now owns 4,200 shares of the company’s stock worth $389,000 after purchasing an additional 100 shares during the period. World Asset Management Inc boosted its position in Marriott International by 1.5% during the third quarter. World Asset Management Inc now owns 7,868 shares of the company’s stock worth $728,000 after purchasing an additional 116 shares during the period. Sargent Investment Group LLC boosted its position in Marriott International by 2.6% during the second quarter. Sargent Investment Group LLC now owns 5,128 shares of the company’s stock worth $444,000 after purchasing an additional 128 shares during the period. Patten Group Inc. boosted its position in Marriott International by 1.3% during the third quarter. Patten Group Inc. now owns 10,428 shares of the company’s stock worth $965,000 after purchasing an additional 135 shares during the period. Finally, Regentatlantic Capital LLC boosted its position in Marriott International by 2.2% during the third quarter. Regentatlantic Capital LLC now owns 6,449 shares of the company’s stock worth $597,000 after purchasing an additional 139 shares during the period. 58.28% of the stock is owned by institutional investors and hedge funds.
MAR stock opened at $119.28 on Friday. The company has a market cap of $38.69 billion, a PE ratio of 86.44 and a beta of 1.68. The business has a 50-day simple moving average of $102.33 and a 200 day simple moving average of $95.21. Marriott International, Inc. has a 52 week low of $46.56 and a 52 week high of $153.39.
A number of equities analysts have commented on MAR shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Marriott International from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Monday, November 9th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Marriott International from $93.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, November 9th. BidaskClub raised Marriott International from a “sell” rating to a “hold” rating in a report on Tuesday, September 1st. Wells Fargo & Company lifted their target price on Marriott International from $114.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 16th. Finally, BMO Capital Markets raised Marriott International from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $83.00 to $95.00 in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $115.50.
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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