Eqis Capital Management Inc. Has $550,000 Stake in Marriott International Inc (MAR)
Eqis Capital Management Inc. grew its stake in Marriott International Inc (NASDAQ:MAR) by 63.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,344 shares of the company’s stock after acquiring an additional 1,687 shares during the quarter. Eqis Capital Management Inc.’s holdings in Marriott International were worth $550,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Kaizen Advisory LLC increased its holdings in shares of Marriott International by 976.3% in the 2nd quarter. Kaizen Advisory LLC now owns 8,793 shares of the company’s stock valued at $1,113,000 after acquiring an additional 7,976 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Marriott International in the 2nd quarter worth $684,000. Advisor Partners LLC boosted its position in shares of Marriott International by 14.7% in the 2nd quarter. Advisor Partners LLC now owns 7,775 shares of the company’s stock worth $984,000 after purchasing an additional 997 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Marriott International by 86.7% in the 2nd quarter. Congress Asset Management Co. MA now owns 81,781 shares of the company’s stock worth $10,353,000 after purchasing an additional 37,977 shares in the last quarter. Finally, Perella Weinberg Partners Capital Management LP acquired a new stake in shares of Marriott International in the 2nd quarter worth $4,707,000. Institutional investors and hedge funds own 63.92% of the company’s stock.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research report on Tuesday, May 15th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $146.00 to $155.00 in a research report on Thursday, May 17th. Robert W. Baird reissued a “hold” rating and issued a $138.00 price objective on shares of Marriott International in a research report on Thursday, April 19th. Deutsche Bank reissued a “hold” rating and issued a $141.00 price objective on shares of Marriott International in a research report on Thursday, May 10th. Finally, Jefferies Financial Group assumed coverage on Marriott International in a research report on Thursday, May 31st. They issued a “hold” rating and a $152.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $135.71.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Monday, August 6th. The company reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.35. Marriott International had a return on equity of 41.82% and a net margin of 6.29%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.90 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities research analysts expect that Marriott International Inc will post 5.52 earnings per share for the current year.
In other Marriott International news, major shareholder Juliana B. Marriott sold 4,294 shares of Marriott International stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $141.49, for a total transaction of $607,558.06. Following the completion of the sale, the insider now owns 18,000 shares of the company’s stock, valued at approximately $2,546,820. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider B. Marriott Marital Tr Juliana sold 3,206 shares of Marriott International stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $140.09, for a total value of $449,128.54. Following the sale, the insider now directly owns 457,996 shares of the company’s stock, valued at approximately $64,160,659.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,559 shares of company stock valued at $2,613,773. 12.99% of the stock is currently owned by insiders.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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