UBS Asset Management Americas Inc. Has $124.04 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)


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UBS Asset Management Americas Inc. increased its position in Marriott International, Inc. (NASDAQ:MAR) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 940,269 shares of the company’s stock after acquiring an additional 37,016 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Marriott International were worth $124,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its position in shares of Marriott International by 692.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 198 shares of the company’s stock valued at $26,000 after acquiring an additional 173 shares during the period. Salem Investment Counselors Inc. bought a new position in Marriott International in the 4th quarter valued at about $29,000. Jeppson Wealth Management LLC bought a new stake in Marriott International during the 3rd quarter worth approximately $30,000. Trustcore Financial Services LLC raised its stake in shares of Marriott International by 689.7% in the fourth quarter. Trustcore Financial Services LLC now owns 229 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Chiron Capital Management LLC bought a new position in shares of Marriott International in the third quarter valued at approximately $35,000. 57.71% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP David A. Rodriguez sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $157.16, for a total transaction of $1,571,600.00. Following the transaction, the executive vice president now directly owns 13,889 shares of the company’s stock, valued at $2,182,795.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Stephanie Linnartz sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $154.69, for a total value of $3,093,800.00. Following the transaction, the president now owns 63,671 shares of the company’s stock, valued at approximately $9,849,266.99. The disclosure for this sale can be found here. Insiders have sold a total of 69,793 shares of company stock valued at $10,818,947 over the last quarter. 12.77% of the stock is currently owned by company insiders.

MAR has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Marriott International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, March 1st. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $150.00 to $158.00 in a research report on Monday, March 1st. Morgan Stanley lifted their target price on shares of Marriott International from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 25th. Smith Barney Citigroup raised Marriott International from a “neutral” rating to a “buy” rating in a report on Tuesday, December 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Marriott International from $96.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 19th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $125.32.

Shares of NASDAQ:MAR opened at $148.81 on Thursday. The stock has a market capitalization of $48.28 billion, a P/E ratio of 280.78 and a beta of 1.83. The stock’s 50-day moving average price is $147.04 and its 200-day moving average price is $124.19. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 42.27. Marriott International, Inc. has a 12-month low of $71.52 and a 12-month high of $159.98.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Thursday, February 18th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Marriott International had a return on equity of 188.71% and a net margin of 1.28%. During the same period in the previous year, the firm earned $1.57 EPS. As a group, research analysts predict that Marriott International, Inc. will post -0.22 EPS for the current year.

Marriott International Company 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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