Sandy Spring Bank decreased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,073 shares of the company’s stock after selling 1,284 shares during the quarter. Sandy Spring Bank’s holdings in Marriott International were worth $2,136,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. FMR LLC lifted its holdings in shares of Marriott International by 213.6% during the second quarter. FMR LLC now owns 7,882,922 shares of the company’s stock worth $675,803,000 after buying an additional 5,369,482 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Marriott International by 4.5% during the second quarter. Vanguard Group Inc. now owns 21,810,431 shares of the company’s stock worth $1,869,808,000 after buying an additional 931,386 shares in the last quarter. Crake Asset Management LLP acquired a new stake in shares of Marriott International during the second quarter worth $57,252,000. FIL Ltd lifted its holdings in shares of Marriott International by 505.9% during the second quarter. FIL Ltd now owns 701,709 shares of the company’s stock worth $60,158,000 after buying an additional 585,891 shares in the last quarter. Finally, AKO Capital LLP lifted its holdings in shares of Marriott International by 37.3% during the second quarter. AKO Capital LLP now owns 2,003,570 shares of the company’s stock worth $171,766,000 after buying an additional 544,603 shares in the last quarter. 58.28% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on MAR. Deutsche Bank Aktiengesellschaft lifted their target price on Marriott International from $90.00 to $96.00 and gave the stock a “hold” rating in a report on Monday, November 9th. They noted that the move was a valuation call. Truist Financial lifted their target price on Marriott International from $88.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Wells Fargo & Company lifted their target price on Marriott International from $114.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday. BidaskClub upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group upgraded Marriott International from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $125.00 in a research report on Friday, August 14th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $114.43.
Marriott International stock traded down $2.61 during midday trading on Tuesday, reaching $121.15. The company’s stock had a trading volume of 50,524 shares, compared to its average volume of 4,377,530. Marriott International, Inc. has a 52 week low of $46.56 and a 52 week high of $153.39. The business has a 50-day moving average price of $100.06 and a 200-day moving average price of $94.57. The stock has a market cap of $40.14 billion, a PE ratio of 89.68 and a beta of 1.68.
Marriott International (NASDAQ:MAR) last released its earnings results on Friday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.14. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Marriott International had a return on equity of 238.84% and a net margin of 2.76%. The business’s revenue for the quarter was down 57.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 earnings per share. Research analysts anticipate that Marriott International, Inc. will post -0.25 EPS for the current fiscal year.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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