Ipswich Investment Management Co. Inc. decreased its stake in shares of Marriott International Inc (NASDAQ:MAR) by 3.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,185 shares of the company’s stock after selling 961 shares during the quarter. Marriott International comprises 1.2% of Ipswich Investment Management Co. Inc.’s holdings, making the stock its 27th largest position. Ipswich Investment Management Co. Inc.’s holdings in Marriott International were worth $3,776,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the business. Signature Wealth Management Group raised its stake in shares of Marriott International by 2.3% during the 4th quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock worth $492,000 after buying an additional 101 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Marriott International by 0.5% during the 4th quarter. Gulf International Bank UK Ltd now owns 25,301 shares of the company’s stock worth $2,746,000 after buying an additional 120 shares in the last quarter. Windward Capital Management Co. CA raised its stake in shares of Marriott International by 0.5% during the 4th quarter. Windward Capital Management Co. CA now owns 143,102 shares of the company’s stock worth $15,535,000 after buying an additional 760 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Marriott International by 93.7% in the 4th quarter. Proficio Capital Partners LLC now owns 308 shares of the company’s stock worth $33,000 after acquiring an additional 149 shares during the period. Finally, Opera Trading Capital acquired a new stake in shares of Marriott International in the 4th quarter worth approximately $152,000. Institutional investors own 67.44% of the company’s stock.
MAR opened at $140.14 on Friday. The company has a market cap of $47.18 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.83. Marriott International Inc has a twelve month low of $100.62 and a twelve month high of $142.19.
In other Marriott International news, EVP Anthony Capuano sold 44,594 shares of the company’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $125.13, for a total value of $5,580,047.22. Following the transaction, the executive vice president now owns 62,192 shares of the company’s stock, valued at $7,782,084.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Arne M. Sorenson sold 63,726 shares of Marriott International stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $124.15, for a total transaction of $7,911,582.90. Following the transaction, the chief executive officer now owns 750,500 shares in the company, valued at $93,174,575. The disclosure for this sale can be found here. Insiders sold 136,730 shares of company stock worth $16,924,619 in the last ninety days. 12.60% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on MAR shares. Wells Fargo & Co increased their target price on Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. BidaskClub upgraded Marriott International from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Morgan Stanley set a $117.00 target price on Marriott International and gave the stock a “hold” rating in a research report on Thursday, March 28th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Barclays raised their price objective on Marriott International to $135.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Marriott International has a consensus rating of “Hold” and an average target price of $136.29.
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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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