Bridgewater Advisors Inc. Boosts Stake in Marriott International, Inc. (NASDAQ:MAR)

Bridgewater Advisors Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 145.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,472 shares of the company’s stock after buying an additional 29,891 shares during the quarter. Marriott International comprises 1.4% of Bridgewater Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Bridgewater Advisors Inc.’s holdings in Marriott International were worth $13,319,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. MinichMacGregor Wealth Management LLC increased its holdings in shares of Marriott International by 7.3% in the third quarter. MinichMacGregor Wealth Management LLC now owns 34,401 shares of the company’s stock valued at $8,552,000 after purchasing an additional 2,336 shares during the period. Sentry Investment Management LLC boosted its holdings in shares of Marriott International by 3.9% in the third quarter. Sentry Investment Management LLC now owns 3,000 shares of the company’s stock valued at $746,000 after acquiring an additional 113 shares in the last quarter. Central Bank & Trust Co. increased its stake in shares of Marriott International by 6.6% during the third quarter. Central Bank & Trust Co. now owns 6,933 shares of the company’s stock worth $1,724,000 after acquiring an additional 430 shares during the period. Cary Street Partners Asset Management LLC lifted its position in Marriott International by 9.0% in the third quarter. Cary Street Partners Asset Management LLC now owns 9,346 shares of the company’s stock valued at $2,323,000 after purchasing an additional 771 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in Marriott International by 3.0% in the 3rd quarter. Impax Asset Management Group plc now owns 31,614 shares of the company’s stock valued at $7,859,000 after purchasing an additional 930 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAR has been the topic of a number of analyst reports. Barclays lifted their price target on Marriott International from $240.00 to $249.00 and gave the company an “equal weight” rating in a research note on Tuesday. Evercore ISI increased their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. UBS Group dropped their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Sanford C. Bernstein raised their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $259.00.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $276.26 on Thursday. The business’s fifty day moving average price is $249.39 and its two-hundred day moving average price is $239.69. Marriott International, Inc. has a 1-year low of $189.44 and a 1-year high of $277.41. The firm has a market capitalization of $77.77 billion, a PE ratio of 28.90, a P/E/G ratio of 6.21 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 207.04%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $2.11 earnings per share. Equities research analysts expect that Marriott International, Inc. will post 9.27 earnings per share for the current fiscal year.

Marriott International Company Profile

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.