Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Ballast Advisors LLC

Ballast Advisors LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,893 shares of the company’s stock after selling 114 shares during the period. Ballast Advisors LLC’s holdings in Marriott International were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MAR. Norden Group LLC acquired a new stake in Marriott International during the 1st quarter worth about $524,000. Quent Capital LLC boosted its stake in shares of Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after acquiring an additional 47 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Marriott International during the 1st quarter worth about $103,000. Signaturefd LLC boosted its stake in shares of Marriott International by 9.3% during the 1st quarter. Signaturefd LLC now owns 6,433 shares of the company’s stock worth $1,623,000 after acquiring an additional 550 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of Marriott International by 3.3% during the 1st quarter. Csenge Advisory Group now owns 1,599 shares of the company’s stock worth $404,000 after acquiring an additional 51 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Price Performance

Shares of NASDAQ MAR traded up $16.34 during trading hours on Wednesday, hitting $276.00. 187,097 shares of the stock were exchanged, compared to its average volume of 1,464,727. The firm has a market capitalization of $77.70 billion, a P/E ratio of 25.97, a P/E/G ratio of 6.24 and a beta of 1.58. Marriott International, Inc. has a one year low of $189.44 and a one year high of $276.03. The company’s 50 day moving average is $248.41 and its 200 day moving average is $239.43.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday. Morgan Stanley decreased their price target on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday. Finally, Robert W. Baird raised their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.