Marriott International Inc (NASDAQ:MAR) Holdings Raised by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC lifted its stake in shares of Marriott International Inc (NASDAQ:MAR) by 48.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,530 shares of the company’s stock after purchasing an additional 9,656 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Marriott International were worth $2,532,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MAR. Public Investment Fund acquired a new position in Marriott International during the first quarter worth about $513,931,000. Victory Capital Management Inc. grew its holdings in Marriott International by 701.2% during the first quarter. Victory Capital Management Inc. now owns 1,805,987 shares of the company’s stock worth $135,106,000 after acquiring an additional 1,580,576 shares during the period. AKO Capital LLP acquired a new position in Marriott International during the first quarter worth about $109,145,000. Eminence Capital LP acquired a new position in Marriott International during the first quarter worth about $82,555,000. Finally, Capital World Investors grew its holdings in Marriott International by 11.1% during the first quarter. Capital World Investors now owns 9,541,480 shares of the company’s stock worth $713,798,000 after acquiring an additional 951,912 shares during the period. 62.85% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on MAR shares. Robert W. Baird lifted their price target on Marriott International from $83.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. SunTrust Banks lifted their price target on Marriott International from $83.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. Jefferies Financial Group dropped their price target on Marriott International from $96.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Nomura lifted their price target on Marriott International from $123.00 to $148.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Gordon Haskett started coverage on Marriott International in a research note on Thursday, June 25th. They issued a “hold” rating and a $89.00 price target on the stock. 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 stock. Marriott International has an average rating of “Hold” and a consensus target price of $111.91.
Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.64). The firm had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.03 billion. Marriott International had a net margin of 4.50% and a return on equity of 231.22%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share. As a group, equities research analysts predict that Marriott International Inc will post 0.33 earnings per share for the current year.
Marriott International Company Profile
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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