Cigna Investments Inc. New Has $602,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Cigna Investments Inc. New lowered its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,420 shares of the company’s stock after selling 59 shares during the period. Cigna Investments Inc. New’s holdings in Marriott International were worth $602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rockland Trust Co. lifted its position in shares of Marriott International by 2.3% during the second 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 boosted its stake in shares of Marriott International by 1.4% in 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 grew its holdings in shares of Marriott International by 1.5% in the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock valued at $743,000 after acquiring an additional 46 shares in the last quarter. Quent Capital LLC lifted its holdings in Marriott International by 7.9% during the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after acquiring an additional 47 shares during the period. Finally, D Orazio & Associates Inc. boosted its position in Marriott International by 0.5% in the first quarter. D Orazio & Associates Inc. now owns 9,221 shares of the company’s stock worth $2,327,000 after purchasing an additional 49 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MAR shares. UBS Group cut their price target on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Evercore ISI increased their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Friday, August 2nd. Robert W. Baird set a $258.00 target price on Marriott International in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group assumed coverage on Marriott International in a research report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Thirteen 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, the stock presently has an average rating of “Hold” and an average target price of $256.39.

Marriott International Stock Performance

NASDAQ:MAR opened at $260.57 on Friday. The stock has a fifty day moving average of $247.14 and a 200 day moving average of $239.17. Marriott International, Inc. has a 52-week low of $180.75 and a 52-week high of $266.58. The firm has a market capitalization of $73.36 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 6.33 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the firm posted $2.26 earnings per share. Marriott International’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts forecast that Marriott International, Inc. will post 9.37 earnings per share for the current fiscal year.

Marriott International Company 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.