Marriott International, Inc. $MAR Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 48.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,154 shares of the company’s stock after purchasing an additional 4,590 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Marriott International were worth $3,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its stake in Marriott International by 2,750.0% in the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after buying an additional 110 shares during the last quarter. Addison Advisors LLC bought a new stake in Marriott International in the 2nd quarter valued at about $34,000. Darwin Wealth Management LLC acquired a new position in Marriott International during the 2nd quarter valued at about $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Marriott International in the second quarter valued at approximately $38,000. Finally, Quaker Wealth Management LLC boosted its position in shares of Marriott International by 203.4% during the second quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock worth $41,000 after buying an additional 295 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on MAR shares. Citigroup raised their target price on Marriott International from $285.00 to $345.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Barclays upped their price objective on shares of Marriott International from $276.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research note on Thursday, January 22nd. The Goldman Sachs Group raised shares of Marriott International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $288.00 to $345.00 in a research note on Monday, December 15th. Finally, BMO Capital Markets raised Marriott International from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $285.00 to $370.00 in a report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $316.19.

Marriott International Price Performance

MAR stock opened at $333.24 on Friday. The firm has a market cap of $89.42 billion, a PE ratio of 35.19, a P/E/G ratio of 2.86 and a beta of 1.13. Marriott International, Inc. has a 12 month low of $205.40 and a 12 month high of $333.96. The firm has a 50 day simple moving average of $313.17 and a 200 day simple moving average of $285.55.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%. As a group, sell-side analysts expect that Marriott International, Inc. will post 10.1 earnings per share for the current year.

Insider Transactions at Marriott International

In other news, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $292.12, for a total transaction of $584,240.00. Following the completion of the sale, the executive vice president directly owned 17,466 shares of the company’s stock, valued at $5,102,167.92. This represents a 10.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Deborah Marriott Harrison sold 70,000 shares of Marriott International stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $291.63, for a total value of $20,414,100.00. Following the completion of the transaction, the insider directly owned 175,210 shares in the company, valued at $51,096,492.30. This represents a 28.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 74,490 shares of company stock valued at $21,756,389 over the last three months. Company insiders own 10.68% of the company’s stock.

Marriott International Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.