Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. decreased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,704 shares of the company’s stock after selling 65 shares during the quarter. Wedbush Securities Inc.’s holdings in Marriott International were worth $252,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of Marriott International by 69.5% during the second quarter. Larson Financial Group LLC now owns 239 shares of the company’s stock worth $33,000 after purchasing an additional 98 shares during the last quarter. Mascoma Wealth Management LLC bought a new position in Marriott International in the third quarter worth about $36,000. Monumental Financial Group Inc. bought a new position in Marriott International in the second quarter worth about $34,000. Ironwood Wealth Management Inc. bought a new position in Marriott International in the second quarter worth about $40,000. Finally, Avion Wealth lifted its holdings in Marriott International by 200.0% in the second quarter. Avion Wealth now owns 300 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. 58.12% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on MAR. BMO Capital Markets raised their target price on shares of Marriott International from $140.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 4th. Wells Fargo & Company raised their target price on shares of Marriott International from $171.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, November 8th. TheStreet upgraded shares of Marriott International from a “c” rating to a “b-” rating in a research note on Wednesday, September 29th. Stifel Nicolaus raised their price target on shares of Marriott International from $140.00 to $155.00 and gave the company a “hold” rating in a research note on Wednesday, November 3rd. Finally, Morgan Stanley raised their price target on shares of Marriott International from $145.00 to $154.00 and gave the company an “equal weight” rating in a research note on Thursday, November 4th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $151.62.

In related news, President Stephanie Linnartz sold 13,810 shares of the firm’s stock in a transaction that occurred on Thursday, September 23rd. The shares were sold at an average price of $150.04, for a total value of $2,072,052.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick A. Henderson sold 1,640 shares of the firm’s stock in a transaction that occurred on Thursday, November 11th. The stock was sold at an average price of $159.18, for a total transaction of $261,055.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,590 shares of company stock worth $7,936,032. 12.41% of the stock is currently owned by company insiders.

NASDAQ MAR opened at $157.61 on Thursday. Marriott International, Inc. has a 12 month low of $115.50 and a 12 month high of $171.68. The company has a debt-to-equity ratio of 10.09, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $51.33 billion, a PE ratio of 110.99 and a beta of 1.75. The company’s 50 day simple moving average is $155.84 and its 200 day simple moving average is $145.09.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported $0.99 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.99. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.71 billion. Marriott International had a net margin of 4.03% and a return on equity of 111.02%. The business’s revenue for the quarter was up 75.1% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. Sell-side analysts anticipate that Marriott International, Inc. will post 2.94 earnings per share for the current fiscal year.

About Marriott International

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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