Baxter Bros Inc. Reduces Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Baxter Bros Inc. lessened its holdings in Marriott International, Inc. (NASDAQ:MAR) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,568 shares of the company’s stock after selling 1,076 shares during the period. Baxter Bros Inc.’s holdings in Marriott International were worth $2,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bangor Savings Bank boosted its stake in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Marriott International during the second quarter valued at $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International in the second quarter worth about $28,000. Silvant Capital Management LLC bought a new position in shares of Marriott International in the third quarter worth about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Robert W. Baird set a $258.00 target price on shares of Marriott International in a research note on Thursday, October 17th. JPMorgan Chase & Co. increased their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Truist Financial dropped their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company lifted their target price on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $256.39.

Marriott International Stock Up 0.2 %

MAR stock opened at $260.57 on Friday. Marriott International, Inc. has a 52 week low of $180.75 and a 52 week high of $266.58. The firm has a market capitalization of $73.36 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 6.23 and a beta of 1.58. The company has a fifty day simple moving average of $247.14 and a two-hundred day simple moving average of $239.12.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $2.26 earnings per share. As a group, analysts anticipate that Marriott International, Inc. will post 9.37 EPS 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.