New York State Common Retirement Fund Sells 8,601 Shares of Marriott International, Inc. (NASDAQ:MAR)

New York State Common Retirement Fund lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,652 shares of the company’s stock after selling 8,601 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Marriott International worth $69,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockland Trust Co. grew its holdings in shares of Marriott International by 2.3% in the second quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after acquiring an additional 41 shares in the last quarter. Park Avenue Securities LLC grew its stake in Marriott International by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock valued at $797,000 after purchasing an additional 46 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of Marriott International by 1.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after purchasing an additional 46 shares during the period. Quent Capital LLC boosted its holdings in shares of Marriott International by 7.9% in the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after buying an additional 47 shares during the last quarter. Finally, D Orazio & Associates Inc. grew its position in Marriott International by 0.5% during the first quarter. D Orazio & Associates Inc. now owns 9,221 shares of the company’s stock valued at $2,327,000 after buying an additional 49 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial reduced their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Friday, August 2nd. Sanford C. Bernstein raised Marriott International from a “market perform” rating to an “outperform” rating and upped their price target for the company from $247.00 to $262.00 in a research report on Thursday, August 29th. BMO Capital Markets lifted their price objective on Marriott International from $240.00 to $255.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $256.39.

Marriott International Stock Performance

Shares of MAR stock opened at $260.57 on Friday. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $266.58. The business’s fifty day moving average is $247.14 and its 200 day moving average is $239.17. The company has a market capitalization of $73.36 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 6.33 and a beta of 1.59.

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

Marriott International Company Profile

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.