Marriott International, Inc. (NASDAQ:MAR) Stake Lowered by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,083 shares of the company’s stock after selling 1,950 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Marriott International were worth $22,146,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bangor Savings Bank increased its position in Marriott International by 131.1% during 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 position in shares of Marriott International in the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International in the 2nd quarter worth approximately $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter valued at approximately $31,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International in the second quarter valued at approximately $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $259.66 on Wednesday. The business has a fifty day moving average of $248.41 and a two-hundred day moving average of $239.43. Marriott International, Inc. has a 52-week low of $189.34 and a 52-week high of $266.58. The stock has a market cap of $73.10 billion, a PE ratio of 25.97, a PEG ratio of 6.24 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the firm earned $2.11 earnings per share. Marriott International’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts predict that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAR. The Goldman Sachs Group initiated coverage on Marriott International in a research report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Mizuho increased their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday. Macquarie reaffirmed a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday. Finally, Barclays increased their price target on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a report on Tuesday. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average price target of $259.00.

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.