F M Investments LLC Has $19.57 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

F M Investments LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,727 shares of the company's stock after selling 3,025 shares during the quarter. Marriott International accounts for 0.7% of F M Investments LLC's portfolio, making the stock its 28th largest position. F M Investments LLC's holdings in Marriott International were worth $19,572,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Rockland Trust Co. grew its stake in Marriott International by 2.3% during the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company's stock valued at $436,000 after purchasing an additional 41 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Marriott International by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 3,298 shares of the company's stock worth $797,000 after buying an additional 46 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Marriott International by 1.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company's stock worth $743,000 after buying an additional 46 shares during the last quarter. Quent Capital LLC lifted its holdings in Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company's stock worth $162,000 after buying an additional 47 shares during the last quarter. Finally, D Orazio & Associates Inc. lifted its holdings in Marriott International by 0.5% during the 1st quarter. D Orazio & Associates Inc. now owns 9,221 shares of the company's stock worth $2,327,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Price Performance

Marriott International stock traded up $0.55 during mid-day trading on Friday, hitting $260.57. The company's stock had a trading volume of 1,481,686 shares, compared to its average volume of 1,200,083. The firm's 50 day moving average is $247.14 and its 200 day moving average is $239.12. The company has a market cap of $73.36 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 6.23 and a beta of 1.58. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $266.58.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the prior year, the business earned $2.26 EPS. The business's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MAR shares. UBS Group dropped their target price on Marriott International from $267.00 to $244.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th. Evercore ISI increased their target price 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. Morgan Stanley dropped their target price on Marriott International from $268.00 to $250.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 6th. Robert W. Baird set a $258.00 target price on Marriott International in a research report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of "Hold" and a consensus target price of $256.39.

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.