Amalgamated Bank Reduces Position in Marriott International, Inc. (NASDAQ:MAR)

Amalgamated Bank reduced its position in Marriott International, Inc. (NASDAQ:MAR) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,770 shares of the company’s stock after selling 1,322 shares during the quarter. Amalgamated Bank’s holdings in Marriott International were worth $11,627,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Bangor Savings Bank lifted its holdings in shares of Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Marriott International in the second quarter valued at about $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Marriott International during the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in Marriott International in the third quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International in the 2nd quarter valued at approximately $35,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of MAR opened at $259.66 on Wednesday. The company has a market capitalization of $73.10 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 6.24 and a beta of 1.58. Marriott International, Inc. has a 1 year low of $189.34 and a 1 year high of $266.58. The company’s 50 day simple moving average is $248.41 and its 200 day simple moving average is $239.43.

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). Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business earned $2.11 EPS. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts expect that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on MAR. Robert W. Baird raised their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America boosted their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Evercore ISI raised their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note 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. Finally, Truist Financial decreased their price target on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $259.00.

Marriott International 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.