World Equity Group Inc. Cuts Position in Marriott International, Inc. (NASDAQ:MAR)

World Equity Group Inc. cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,424 shares of the company’s stock after selling 49 shares during the quarter. World Equity Group Inc.’s holdings in Marriott International were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BDF Gestion purchased a new stake in Marriott International in the 2nd quarter worth approximately $3,013,000. CWM LLC lifted its stake in Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after acquiring an additional 39,839 shares during the period. BayBridge Capital Group LLC acquired a new stake in Marriott International in the third quarter valued at approximately $1,254,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Marriott International in the 2nd quarter valued at approximately $3,844,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Marriott International by 1.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock valued at $9,611,000 after purchasing an additional 753 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAR. Morgan Stanley decreased their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird set a $258.00 price target on shares of Marriott International in a report on Thursday, October 17th. Sanford C. Bernstein upgraded shares of 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. Finally, Wells Fargo & Company upped their target price on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus target price of $256.39.

Marriott International Stock Down 1.6 %

MAR opened at $256.43 on Tuesday. Marriott International, Inc. has a 12-month low of $189.34 and a 12-month high of $266.58. The firm has a market capitalization of $72.19 billion, a P/E ratio of 25.64, a PEG ratio of 6.24 and a beta of 1.58. The stock has a fifty day moving average of $247.77 and a 200-day moving average of $239.27.

Marriott International 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.