Angeles Wealth Management LLC Has $470,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Angeles Wealth Management LLC boosted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,890 shares of the company’s stock after acquiring an additional 86 shares during the period. Angeles Wealth Management LLC’s holdings in Marriott International were worth $470,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in shares of Marriott International in the 1st quarter valued at approximately $524,000. Diversify Advisory Services LLC acquired a new position in shares of Marriott International during the 1st quarter worth $469,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Marriott International by 6.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,845 shares of the company’s stock valued at $1,727,000 after purchasing an additional 420 shares in the last quarter. Quent Capital LLC boosted its holdings in Marriott International by 7.9% in the first quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after purchasing an additional 47 shares in the last quarter. Finally, Graypoint LLC increased its position in Marriott International by 4.2% during the first quarter. Graypoint LLC now owns 2,046 shares of the company’s stock worth $516,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent analyst reports. Bank of America upped their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Evercore ISI increased their price target on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. The Goldman Sachs Group assumed coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, Wells Fargo & Company upped their price target on shares of Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and an average price target of $256.39.

Marriott International Stock Up 0.2 %

MAR traded up $0.55 during trading on Friday, reaching $260.57. 1,481,686 shares of the company’s stock were exchanged, compared to its average volume of 1,200,083. The company has a market capitalization of $73.36 billion, a P/E ratio of 26.06, a PEG ratio of 6.23 and a beta of 1.58. The business has a 50 day moving average price of $247.14 and a 200 day moving average price of $239.12. Marriott International, Inc. has a fifty-two week low of $180.75 and a fifty-two week high of $266.58.

Marriott International (NASDAQ:MAR) last posted 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. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 earnings per share. As a group, research analysts forecast that Marriott International, Inc. will post 9.37 EPS for the current year.

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.