National Pension Service Increases Holdings in Marriott International Inc (NASDAQ:MAR)
National Pension Service increased its position in Marriott International Inc (NASDAQ:MAR) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 392,609 shares of the company’s stock after purchasing an additional 4,563 shares during the quarter. National Pension Service owned approximately 0.12% of Marriott International worth $29,371,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Cpwm LLC acquired a new position in shares of Marriott International in the 4th quarter valued at $230,000. Orion Portfolio Solutions LLC acquired a new position in shares of Marriott International during the fourth quarter valued at approximately $234,000. Brooktree Capital Management purchased a new position in Marriott International in the 4th quarter valued at $1,777,000. Advisory Alpha LLC lifted its stake in shares of Marriott International by 1,042.1% in the fourth quarter. Advisory Alpha LLC now owns 434 shares of the company’s stock worth $64,000 after buying an additional 396 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Marriott International by 2.5% in the fourth quarter. Amalgamated Bank now owns 47,318 shares of the company’s stock valued at $7,165,000 after purchasing an additional 1,148 shares during the last quarter. Institutional investors own 62.83% of the company’s stock.
Shares of NASDAQ MAR traded down $3.24 during midday trading on Friday, hitting $80.80. The company’s stock had a trading volume of 1,462,095 shares, compared to its average volume of 6,008,186. The company has a debt-to-equity ratio of 15.43, a quick ratio of 0.62 and a current ratio of 0.62. Marriott International Inc has a 1-year low of $46.56 and a 1-year high of $153.39. The firm’s fifty day moving average price is $91.61 and its 200-day moving average price is $112.47. The firm has a market cap of $26.28 billion, a P/E ratio of 29.05, a P/E/G ratio of 21.92 and a beta of 1.60.
A number of research analysts recently issued reports on MAR shares. Barclays upgraded Marriott International from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $92.00 to $105.00 in a report on Monday. Nomura increased their price objective on Marriott International from $123.00 to $148.00 and gave the company a “buy” rating in a report on Tuesday. Gordon Haskett assumed coverage on Marriott International in a report on Thursday. They set a “hold” rating and a $89.00 price target on the stock. UBS Group lowered their target price on shares of Marriott International from $148.00 to $94.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Wolfe Research cut Marriott International from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have given a buy rating to the company’s stock. Marriott International presently has an average rating of “Hold” and a consensus target price of $112.22.
Marriott International 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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