State of Tennessee Treasury Department increased its holdings in Marriott International Inc (NASDAQ:MAR) by 125.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,799 shares of the company’s stock after buying an additional 96,820 shares during the quarter. State of Tennessee Treasury Department owned 0.05% of Marriott International worth $13,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAR. Golden State Wealth Management LLC bought a new stake in Marriott International during the 1st quarter worth approximately $27,000. Joseph P. Lucia & Associates LLC raised its stake in Marriott International by 280.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 380 shares of the company’s stock worth $28,000 after acquiring an additional 280 shares during the period. Ellevest Inc. raised its stake in Marriott International by 75.8% during the 1st quarter. Ellevest Inc. now owns 464 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the period. First Manhattan Co. raised its stake in Marriott International by 53.8% during the 1st quarter. First Manhattan Co. now owns 643 shares of the company’s stock worth $48,000 after acquiring an additional 225 shares during the period. Finally, Atlas Private Wealth Management bought a new stake in Marriott International during the 4th quarter worth approximately $49,000. 62.83% of the stock is currently owned by institutional investors.

MAR has been the topic of a number of recent analyst reports. TheStreet cut shares of Marriott International from a “b-” rating to a “c+” rating in a research note on Wednesday, March 25th. UBS Group reduced their price objective on shares of Marriott International from $148.00 to $94.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Royal Bank of Canada cut shares of Marriott International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $148.00 to $97.00 in a research report on Monday, March 30th. Morgan Stanley reduced their price objective on shares of Marriott International from $136.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. Finally, Nomura Securities reduced their price objective on shares of Marriott International from $170.00 to $125.00 in a research report on Friday, March 13th. Two 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. The stock has an average rating of “Hold” and an average price target of $112.22.

NASDAQ MAR traded down $2.96 on Friday, hitting $81.08. 1,605,525 shares of the stock were exchanged, 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. The stock has a fifty day moving average price of $91.61 and a two-hundred day moving average price of $112.47. The firm has a market capitalization 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. Marriott International Inc has a 52-week low of $46.56 and a 52-week high of $153.39.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.64). The firm had revenue of $4.68 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Marriott International had a return on equity of 231.22% and a net margin of 4.50%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. Sell-side analysts expect that Marriott International Inc will post 0.64 earnings per share for the current fiscal year.

About Marriott International

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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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