Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,614 shares of the company’s stock after purchasing an additional 930 shares during the period. Impax Asset Management Group plc’s holdings in Marriott International were worth $7,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAR. 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 worth $25,000 after buying an additional 59 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Marriott International in the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in shares of Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC bought a new stake in Marriott International in the third quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International during the 2nd quarter worth approximately $35,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MAR has been the topic of several research analyst reports. UBS Group reduced their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Evercore ISI boosted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Mizuho lifted their target price on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday. Sanford C. Bernstein increased their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $259.00.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $259.66 on Wednesday. Marriott International, Inc. has a 1 year low of $189.34 and a 1 year high of $266.58. The firm has a market cap of $73.10 billion, a P/E ratio of 25.97, a PEG ratio of 6.24 and a beta of 1.58. The stock has a fifty day moving average price of $248.41 and a two-hundred day moving average price of $239.43.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the business earned $2.11 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

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.