Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Ossiam

Ossiam lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 318.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 24,051 shares of the company’s stock after buying an additional 18,299 shares during the quarter. Ossiam’s holdings in Marriott International were worth $3,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAR. Larson Financial Group LLC grew its holdings 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 buying an additional 98 shares in the last quarter. Monumental Financial Group Inc. purchased a new stake in shares of Marriott International during the second quarter worth about $34,000. Mizuho Securities Co. Ltd. purchased a new stake in Marriott International in the first quarter valued at approximately $36,000. Ironwood Wealth Management Inc. purchased a new stake in Marriott International in the second quarter valued at approximately $40,000. Finally, Avion Wealth grew its holdings in Marriott International by 200.0% in the second quarter. Avion Wealth now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 58.04% of the company’s stock.

MAR traded up $0.83 during trading on Thursday, hitting $155.45. The company had a trading volume of 6,873 shares, compared to its average volume of 2,121,437. The company has a debt-to-equity ratio of 11.79, a current ratio of 0.46 and a quick ratio of 0.46. Marriott International, Inc. has a 1-year low of $88.92 and a 1-year high of $159.98. The business has a 50-day moving average of $142.10 and a 200-day moving average of $142.86. The company has a market cap of $50.62 billion, a PE ratio of 147.15 and a beta of 1.75.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, August 3rd. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.36. Marriott International had a net margin of 3.51% and a return on equity of 83.60%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the firm earned ($0.64) earnings per share. The firm’s revenue for the quarter was up 115.1% compared to the same quarter last year. Research analysts forecast that Marriott International, Inc. will post 2.89 earnings per share for the current year.

A number of equities research analysts recently issued reports on MAR shares. Jefferies Financial Group boosted their target price on shares of Marriott International from $171.00 to $178.00 and gave the company a “buy” rating in a report on Friday, October 1st. Loop Capital started coverage on shares of Marriott International in a research note on Wednesday. They set a “hold” rating and a $150.00 price objective for the company. TheStreet upgraded shares of Marriott International from a “c” rating to a “b-” rating in a research note on Wednesday, September 29th. BMO Capital Markets boosted their price objective on shares of Marriott International from $140.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 4th. Finally, Morgan Stanley boosted their target price on shares of Marriott International from $138.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 4th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $145.93.

In other Marriott International news, CEO Anthony Capuano sold 5,347 shares of the company’s stock in a transaction dated Friday, September 24th. The shares were sold at an average price of $150.61, for a total value of $805,311.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Stephanie Linnartz sold 11,303 shares of the company’s stock in a transaction dated Friday, October 1st. The shares were sold at an average price of $156.06, for a total transaction of $1,763,946.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,760 shares of company stock valued at $5,308,670. 12.41% of the stock is owned by insiders.

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.

Further Reading: Euro STOXX 50 Index

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

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