Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Raised by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC increased its position in Marriott International, Inc. (NASDAQ:MAR) by 7.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,401 shares of the company’s stock after purchasing an additional 2,336 shares during the period. Marriott International accounts for about 1.8% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest holding. MinichMacGregor Wealth Management LLC’s holdings in Marriott International were worth $8,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank grew its position in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $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 during the second quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the 3rd quarter valued at approximately $31,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAR. Macquarie restated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Friday, August 2nd. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $247.00 to $262.00 in a research report on Thursday, August 29th. Morgan Stanley lowered their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Barclays increased their price target on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $256.61.

Marriott International Stock Up 0.9 %

Marriott International stock traded up $2.36 during mid-day trading on Tuesday, hitting $258.79. The company’s stock had a trading volume of 316,038 shares, compared to its average volume of 1,464,406. The stock has a market capitalization of $72.85 billion, a P/E ratio of 25.65, a P/E/G ratio of 6.24 and a beta of 1.58. Marriott International, Inc. has a twelve month low of $189.34 and a twelve month high of $266.58. The stock’s fifty day moving average price is $247.77 and its two-hundred day moving average price is $239.27.

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