Greenleaf Trust Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Greenleaf Trust bought a new position in Marriott International, Inc. (NASDAQ:MAR) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,949 shares of the company’s stock, valued at approximately $289,000.

A number of other large investors also recently bought and sold shares of the business. Valeo Financial Advisors LLC raised its position in shares of Marriott International by 692.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 198 shares of the company’s stock valued at $26,000 after buying an additional 173 shares in the last quarter. Capital Asset Advisory Services LLC bought a new position in shares of Marriott International during the fourth quarter valued at approximately $26,000. Salem Investment Counselors Inc. bought a new position in shares of Marriott International during the fourth quarter valued at approximately $29,000. Trustcore Financial Services LLC lifted its position in Marriott International by 689.7% during the fourth quarter. Trustcore Financial Services LLC now owns 229 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Curi Capital purchased a new stake in Marriott International during the fourth quarter valued at approximately $32,000. 57.71% of the stock is owned by institutional investors and hedge funds.

NASDAQ:MAR opened at $135.94 on Thursday. The company has a debt-to-equity ratio of 42.27, a current ratio of 0.59 and a quick ratio of 0.59. Marriott International, Inc. has a fifty-two week low of $71.52 and a fifty-two week high of $159.98. The stock’s 50-day moving average is $147.45 and its two-hundred day moving average is $133.10. The stock has a market cap of $44.10 billion, a PE ratio of 256.50 and a beta of 1.83.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, May 10th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. Marriott International had a return on equity of 188.71% and a net margin of 1.28%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business posted $0.68 EPS. The firm’s quarterly revenue was down 50.5% compared to the same quarter last year. On average, equities research analysts anticipate that Marriott International, Inc. will post -0.22 earnings per share for the current year.

A number of research analysts have issued reports on the stock. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $150.00 to $158.00 in a report on Monday, March 1st. Wells Fargo & Company lifted their target price on shares of Marriott International from $147.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, March 1st. Truist lifted their target price on shares of Marriott International from $119.00 to $133.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Marriott International from $96.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 19th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their target price on shares of Marriott International from $120.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $130.16.

In other Marriott International news, CFO Kathleen K. Oberg sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 24th. The stock was sold at an average price of $155.66, for a total value of $3,891,500.00. Following the sale, the chief financial officer now directly owns 48,267 shares in the company, valued at $7,513,241.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig S. Smith sold 6,099 shares of the company’s stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of $148.10, for a total value of $903,261.90. Over the last quarter, insiders have sold 69,793 shares of company stock valued at $10,818,947. Corporate insiders own 12.77% of the company’s stock.

Marriott International Profile

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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