Lee Financial Group Hawaii Inc. boosted its position in shares of Marriott International Inc (NASDAQ:MAR) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,301 shares of the company’s stock after buying an additional 104 shares during the quarter. Marriott International accounts for approximately 2.8% of Lee Financial Group Hawaii Inc.’s investment portfolio, making the stock its 11th largest position. Lee Financial Group Hawaii Inc.’s holdings in Marriott International were worth $2,638,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Hanseatic Management Services Inc. grew its stake in shares of Marriott International by 51.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 433 shares of the company’s stock valued at $47,000 after purchasing an additional 148 shares during the last quarter. CAPROCK Group Inc. boosted its position in shares of Marriott International by 10.4% in the fourth quarter. CAPROCK Group Inc. now owns 1,881 shares of the company’s stock worth $204,000 after buying an additional 177 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Marriott International by 10.1% during the fourth quarter. Raymond James Trust N.A. now owns 2,827 shares of the company’s stock worth $307,000 after acquiring an additional 260 shares in the last quarter. Ocean Capital Management LLC bought a new position in shares of Marriott International in the fourth quarter worth about $487,000. Finally, Royal London Asset Management Ltd. grew its position in Marriott International by 1.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 261,942 shares of the company’s stock worth $13,109,000 after buying an additional 4,128 shares in the last quarter. 65.14% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $133.00 price target on shares of Marriott International and gave the company a “hold” rating in a report on Friday, October 19th. Cowen began coverage on shares of Marriott International in a research note on Monday, October 22nd. They issued an “outperform” rating and a $140.00 target price on the stock. BidaskClub raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. SunTrust Banks dropped their price objective on shares of Marriott International to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 7th. Finally, Jefferies Financial Group set a $124.00 price objective on shares of Marriott International and gave the stock a “hold” rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Marriott International currently has a consensus rating of “Hold” and an average target price of $135.00.
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Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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