Sigma Planning Corp Grows Position in Marriott International, Inc. (NASDAQ:MAR)

Sigma Planning Corp raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 50.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,990 shares of the company’s stock after buying an additional 5,674 shares during the quarter. Sigma Planning Corp’s holdings in Marriott International were worth $2,319,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MAR. Jennison Associates LLC lifted its position in shares of Marriott International by 4,618.0% during the second quarter. Jennison Associates LLC now owns 2,740,495 shares of the company’s stock valued at $374,132,000 after buying an additional 2,682,409 shares during the last quarter. Amundi Asset Management US Inc. raised its position in shares of Marriott International by 294.0% in the 1st quarter. Amundi Asset Management US Inc. now owns 1,392,571 shares of the company’s stock valued at $206,254,000 after purchasing an additional 1,039,154 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Marriott International by 49,703.9% in the 1st quarter. Bessemer Group Inc. now owns 1,032,932 shares of the company’s stock valued at $152,988,000 after purchasing an additional 1,030,858 shares during the last quarter. Fayez Sarofim & Co purchased a new position in shares of Marriott International in the 1st quarter valued at approximately $107,466,000. Finally, FIL Ltd raised its position in shares of Marriott International by 160.5% in the 1st quarter. FIL Ltd now owns 824,854 shares of the company’s stock valued at $122,169,000 after purchasing an additional 508,173 shares during the last quarter. 58.04% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on MAR shares. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “strong-buy” rating and set a $163.00 price target on the stock in a report on Tuesday, July 13th. TheStreet upgraded shares of Marriott International from a “c” rating to a “b-” rating in a report on Wednesday, September 29th. Jefferies Financial Group increased their price target on shares of Marriott International from $171.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, October 1st. Loop Capital started coverage on shares of Marriott International in a report on Wednesday. They issued a “hold” rating and a $150.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of Marriott International from $140.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 4th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $145.93.

Shares of NASDAQ:MAR opened at $154.62 on Thursday. Marriott International, Inc. has a 1 year low of $88.92 and a 1 year high of $159.98. The firm has a market capitalization of $50.35 billion, a price-to-earnings ratio of 147.15 and a beta of 1.75. The company has a debt-to-equity ratio of 11.79, a current ratio of 0.46 and a quick ratio of 0.46. The business’s 50 day moving average price is $142.10 and its 200-day moving average price is $142.86.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Tuesday, August 3rd. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.36. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.28 billion. Marriott International had a return on equity of 83.60% and a net margin of 3.51%. The firm’s revenue for the quarter was up 115.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.64) EPS. On average, sell-side analysts expect that Marriott International, Inc. will post 2.89 earnings per share for the current year.

In other news, President Stephanie Linnartz sold 4,300 shares of Marriott International stock in a transaction on Monday, September 27th. The stock was sold at an average price of $155.20, for a total transaction of $667,360.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 5,347 shares of the firm’s stock in a transaction dated Friday, September 24th. The stock was sold at an average price of $150.61, for a total value of $805,311.67. The disclosure for this sale can be found here. Insiders sold a total of 34,760 shares of company stock worth $5,308,670 in the last 90 days. 12.41% of the stock is currently owned by insiders.

About Marriott International

Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: U.S. & Canada; Asia Pacific; and Europe, Middle East and Africa (“EMEA“). The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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