Marriott International, Inc. (NASDAQ:MAR) Holdings Raised by HM Payson & Co.

HM Payson & Co. boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 14.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,045 shares of the company’s stock after purchasing an additional 393 shares during the quarter. HM Payson & Co.’s holdings in Marriott International were worth $757,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Nikulski Financial Inc. purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $1,719,000. Catalyst Financial Partners LLC purchased a new stake in shares of Marriott International in the third quarter valued at $204,000. Financial Advocates Investment Management boosted its position in shares of Marriott International by 23.8% in the third quarter. Financial Advocates Investment Management now owns 2,485 shares of the company’s stock worth $618,000 after buying an additional 478 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in Marriott International by 0.4% during the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 59,117 shares of the company’s stock valued at $14,696,000 after buying an additional 210 shares during the period. Finally, Solidarity Wealth LLC purchased a new stake in Marriott International in the 3rd quarter worth about $205,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Stock Performance

NASDAQ:MAR opened at $260.02 on Friday. The company has a 50-day moving average of $246.43 and a 200-day moving average of $239.08. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58. The company has a market capitalization of $73.20 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 6.33 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the business earned $2.26 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and upped their target price for the company from $247.00 to $262.00 in a report on Thursday, August 29th. UBS Group cut their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Barclays boosted their price target on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. Morgan Stanley cut their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, Bank of America boosted their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $256.39.

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.