Natixis Advisors L.P. lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 49.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,126 shares of the company’s stock after buying an additional 44,533 shares during the quarter. Natixis Advisors L.P.’s holdings in Marriott International were worth $22,320,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of MAR. Kovack Advisors Inc. bought a new position in shares of Marriott International during the 3rd quarter worth $202,000. Choate Investment Advisors boosted its position in Marriott International by 4.0% during the third quarter. Choate Investment Advisors now owns 2,323 shares of the company’s stock valued at $344,000 after purchasing an additional 90 shares in the last quarter. Lincoln National Corp boosted its position in Marriott International by 3.7% during the third quarter. Lincoln National Corp now owns 4,170 shares of the company’s stock valued at $618,000 after purchasing an additional 147 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Marriott International during the third quarter valued at about $689,000. Finally, Advisor Group Holdings Inc. boosted its position in Marriott International by 5.9% during the third quarter. Advisor Group Holdings Inc. now owns 87,237 shares of the company’s stock valued at $12,999,000 after purchasing an additional 4,885 shares in the last quarter. 59.16% of the stock is currently owned by institutional investors and hedge funds.
MAR traded down $7.04 during trading on Friday, hitting $177.52. The company’s stock had a trading volume of 2,605,463 shares, compared to its average volume of 2,186,322. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 6.60. Marriott International, Inc. has a twelve month low of $127.23 and a twelve month high of $195.90. The business’s fifty day simple moving average is $171.44 and its 200 day simple moving average is $164.32. The firm has a market capitalization of $58.09 billion, a price-to-earnings ratio of 53.15 and a beta of 1.69.
Several equities research analysts have weighed in on MAR shares. Morgan Stanley raised their price target on Marriott International from $158.00 to $172.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 16th. Wells Fargo & Company raised their price target on Marriott International from $185.00 to $199.00 in a report on Wednesday, February 16th. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a report on Thursday, April 21st. StockNews.com began coverage on Marriott International in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, TheStreet upgraded Marriott International from a “c+” rating to a “b-” rating in a research note on Monday, March 21st. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $178.91.
In other Marriott International news, President Stephanie Linnartz sold 2,448 shares of the business’s stock in a transaction on Friday, February 18th. The stock was sold at an average price of $178.54, for a total transaction of $437,065.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William P. Brown sold 2,826 shares of Marriott International stock in a transaction on Thursday, February 17th. The shares were sold at an average price of $179.82, for a total value of $508,171.32. The disclosure for this sale can be found here. Insiders have sold 20,373 shares of company stock worth $3,677,904 in the last three months. 12.21% of the stock is currently owned by corporate insiders.
Marriott International Company Profile (Get Rating)
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
- Get a free copy of the StockNews.com research report on Marriott International (MAR)
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