Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Inverness Counsel LLC NY

Inverness Counsel LLC NY decreased its stake in Marriott International, Inc. (NASDAQ:MAR) by 37.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,849 shares of the company’s stock after selling 96,823 shares during the period. Inverness Counsel LLC NY’s holdings in Marriott International were worth $22,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Marriott International by 1.1% in the 1st quarter. BlackRock Inc. now owns 16,172,861 shares of the company’s stock valued at $2,395,365,000 after purchasing an additional 183,511 shares during the last quarter. Geode Capital Management LLC raised its position in Marriott International by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 4,088,804 shares of the company’s stock valued at $603,759,000 after purchasing an additional 73,547 shares during the last quarter. Bank of New York Mellon Corp raised its position in Marriott International by 5.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,260,276 shares of the company’s stock valued at $334,769,000 after purchasing an additional 126,189 shares during the last quarter. Morgan Stanley raised its position in Marriott International by 0.8% during the 1st quarter. Morgan Stanley now owns 1,977,530 shares of the company’s stock worth $292,892,000 after buying an additional 16,064 shares during the last quarter. Finally, Amundi Asset Management US Inc. raised its position in Marriott International by 294.0% during the 1st quarter. Amundi Asset Management US Inc. now owns 1,392,571 shares of the company’s stock worth $206,254,000 after buying an additional 1,039,154 shares during the last quarter. Hedge funds and other institutional investors own 58.04% of the company’s stock.

A number of equities analysts have commented on MAR shares. BMO Capital Markets upped their price objective on shares of Marriott International from $140.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 4th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “strong-buy” rating and set a $163.00 price objective for the company in a research report on Tuesday, July 13th. Finally, Morgan Stanley upped their price objective on shares of Marriott International from $138.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 4th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Marriott International presently has an average rating of “Buy” and a consensus target price of $139.07.

NASDAQ MAR traded down $0.90 during trading hours on Wednesday, reaching $141.44. The company’s stock had a trading volume of 48,708 shares, compared to its average volume of 2,272,889. The stock has a market cap of $46.06 billion, a PE ratio of 134.28 and a beta of 1.86. Marriott International, Inc. has a fifty-two week low of $88.92 and a fifty-two week high of $159.98. The company’s 50-day moving average is $137.49 and its two-hundred day moving average is $142.45. The company has a debt-to-equity ratio of 11.79, a quick ratio of 0.46 and a current ratio of 0.46.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.36. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Marriott International had a net margin of 3.51% and a return on equity of 83.60%. The firm’s revenue was up 115.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.64) EPS. Equities analysts expect that Marriott International, Inc. will post 2.98 earnings per share for the current fiscal year.

Marriott International Company Profile

Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA“). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

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

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