Pacer Advisors Inc. grew its stake in shares of Marriott International Inc (NASDAQ:MAR) by 70.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,709 shares of the company’s stock after buying an additional 20,150 shares during the quarter. Pacer Advisors Inc.’s holdings in Marriott International were worth $4,176,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of Marriott International during the first quarter valued at approximately $27,000. Joseph P. Lucia & Associates LLC grew its position in Marriott International by 280.0% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 380 shares of the company’s stock worth $28,000 after purchasing an additional 280 shares during the period. Modus Advisors LLC bought a new stake in Marriott International in the 2nd quarter worth approximately $28,000. TCI Wealth Advisors Inc. boosted its stake in shares of Marriott International by 64.3% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 327 shares of the company’s stock worth $28,000 after acquiring an additional 128 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its stake in shares of Marriott International by 3,613.5% during the 2nd quarter. Heritage Wealth Advisors now owns 14,854 shares of the company’s stock worth $34,000 after acquiring an additional 14,454 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MAR opened at $83.83 on Friday. The company has a 50 day moving average price of $88.50 and a 200-day moving average price of $101.56. Marriott International Inc has a fifty-two week low of $46.56 and a fifty-two week high of $153.39. The stock has a market capitalization of $27.73 billion, a PE ratio of 17.59, a PEG ratio of 45.45 and a beta of 1.60. The company has a debt-to-equity ratio of 15.43, a quick ratio of 0.62 and a current ratio of 0.62.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.64). Marriott International had a return on equity of 231.22% and a net margin of 4.50%. The business had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same period in the previous year, the company posted $1.41 EPS. Marriott International’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts forecast that Marriott International Inc will post 0.31 EPS for the current year.
Several analysts have commented on MAR shares. ValuEngine upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research note on Friday, July 3rd. Gordon Haskett started coverage on shares of Marriott International in a report on Thursday, June 25th. They set a “hold” rating and a $89.00 price target on the stock. BidaskClub downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. UBS Group cut their price target on shares of Marriott International from $148.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, BMO Capital Markets upped their price target on shares of Marriott International from $65.00 to $74.00 and gave the company an “underperform” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $111.91.
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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