Eads & Heald Wealth Management Has $1.46 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Eads & Heald Wealth Management lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.6% in the third quarter, Holdings Channel reports. The institutional investor owned 5,852 shares of the company’s stock after selling 155 shares during the period. Eads & Heald Wealth Management’s holdings in Marriott International were worth $1,455,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bangor Savings Bank increased its stake in shares of Marriott International by 131.1% in the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Marriott International in the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International during the second quarter worth $28,000. Unique Wealth Strategies LLC acquired a new position in Marriott International in the second quarter valued at $35,000. Finally, Cyrus J. Lawrence LLC bought a new stake in Marriott International during the second quarter valued at $36,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Up 0.2 %

Marriott International stock opened at $260.57 on Friday. The stock has a market cap of $73.36 billion, a P/E ratio of 26.06, a P/E/G ratio of 6.33 and a beta of 1.59. The company’s 50 day moving average price is $247.14 and its two-hundred day moving average price is $239.17. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.26 EPS. On average, equities analysts anticipate that Marriott International, Inc. will post 9.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAR. UBS Group cut their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company lifted their price objective on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. BMO Capital Markets upped their price objective on shares of Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $256.39.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.