Janney Montgomery Scott LLC Decreases Holdings in Marriott International, Inc. (NASDAQ:MAR)

Janney Montgomery Scott LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,102 shares of the company’s stock after selling 11,429 shares during the period. Janney Montgomery Scott LLC’s holdings in Marriott International were worth $19,914,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank boosted its holdings in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Marriott International in the second quarter valued at $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC purchased a new position in Marriott International during the 2nd quarter worth approximately $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research reports. Macquarie reiterated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday. The Goldman Sachs Group assumed coverage on shares of Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target for the company. Barclays lifted their price objective on shares of Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday. Morgan Stanley lowered their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Evercore ISI increased their price objective on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $259.00.

Marriott International Trading Up 1.3 %

Shares of MAR opened at $259.66 on Wednesday. The firm’s 50-day moving average is $248.41 and its two-hundred day moving average is $239.43. Marriott International, Inc. has a twelve month low of $189.34 and a twelve month high of $266.58. The firm has a market capitalization of $73.10 billion, a P/E ratio of 25.97, a PEG ratio of 6.24 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.11 earnings per share. Analysts predict that Marriott International, Inc. will post 9.37 EPS for the current year.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.