Wedgewood Investors Inc. PA lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,892 shares of the company’s stock after purchasing an additional 150 shares during the period. Wedgewood Investors Inc. PA’s holdings in Marriott International were worth $725,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Marriott International by 115.6% during the 4th quarter. FMR LLC now owns 16,806,126 shares of the company’s stock worth $2,217,064,000 after buying an additional 9,012,524 shares during the period. Norges Bank bought a new stake in Marriott International in the 4th quarter valued at about $354,414,000. Eaton Vance Management boosted its holdings in Marriott International by 10.5% in the 4th quarter. Eaton Vance Management now owns 2,255,472 shares of the company’s stock valued at $297,542,000 after purchasing an additional 214,867 shares during the period. Morgan Stanley boosted its holdings in Marriott International by 1.0% in the 4th quarter. Morgan Stanley now owns 1,961,466 shares of the company’s stock valued at $258,757,000 after purchasing an additional 18,780 shares during the period. Finally, First Pacific Advisors LP lifted its holdings in shares of Marriott International by 2.4% during the 4th quarter. First Pacific Advisors LP now owns 1,352,363 shares of the company’s stock worth $178,404,000 after acquiring an additional 31,527 shares during the period. 57.71% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ MAR traded down $3.57 during midday trading on Tuesday, hitting $145.32. 28,564 shares of the company’s stock traded hands, compared to its average volume of 2,517,006. Marriott International, Inc. has a 1 year low of $71.52 and a 1 year high of $159.98. The stock has a market capitalization of $47.14 billion, a price-to-earnings ratio of 280.93 and a beta of 1.83. The company has a debt-to-equity ratio of 42.27, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a fifty day moving average of $148.79 and a 200 day moving average of $130.99.

Marriott International (NASDAQ:MAR) last released its earnings results on Thursday, February 18th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Marriott International had a net margin of 1.28% and a return on equity of 188.71%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $1.57 EPS. On average, equities analysts anticipate that Marriott International, Inc. will post -0.22 earnings per share for the current year.

A number of research firms recently issued reports on MAR. Gordon Haskett upped their price objective on shares of Marriott International from $108.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, January 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marriott International from $96.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 19th. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on shares of Marriott International from $147.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, March 1st. Zacks Investment Research raised shares of Marriott International from a “sell” rating to a “hold” rating and set a $159.00 price objective on the stock in a research note on Tuesday, March 23rd. Finally, Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $158.00 in a research note on Monday, March 1st. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $127.44.

In related news, insider Craig S. Smith sold 6,099 shares of the firm’s stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $148.10, for a total value of $903,261.90. Also, CFO Kathleen K. Oberg sold 25,000 shares of the stock in a transaction on Wednesday, February 24th. The stock was sold at an average price of $155.66, for a total value of $3,891,500.00. Following the completion of the sale, the chief financial officer now owns 48,267 shares in the company, valued at approximately $7,513,241.22. The disclosure for this sale can be found here. Insiders sold a total of 69,793 shares of company stock valued at $10,818,947 over the last 90 days. 12.77% of the stock is currently owned by corporate insiders.

Marriott International Profile

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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