Mercer Global Advisors Inc. ADV Has $4.87 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Mercer Global Advisors Inc. ADV raised its position in shares of Marriott International, Inc. (NASDAQ:MARGet Rating) by 61.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,462 shares of the company’s stock after purchasing an additional 11,228 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Marriott International were worth $4,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Farmers & Merchants Investments Inc. raised its position in Marriott International by 14.3% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 510 shares of the company’s stock valued at $84,000 after purchasing an additional 64 shares in the last quarter. Centaurus Financial Inc. grew its stake in shares of Marriott International by 5.6% during the fourth quarter. Centaurus Financial Inc. now owns 1,330 shares of the company’s stock worth $220,000 after buying an additional 70 shares during the last quarter. CX Institutional grew its stake in shares of Marriott International by 11.3% during the third quarter. CX Institutional now owns 697 shares of the company’s stock worth $103,000 after buying an additional 71 shares during the last quarter. Baxter Bros Inc. grew its stake in shares of Marriott International by 0.6% during the fourth quarter. Baxter Bros Inc. now owns 12,088 shares of the company’s stock worth $1,997,000 after buying an additional 75 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Marriott International by 1.4% in the third quarter. EP Wealth Advisors LLC now owns 5,869 shares of the company’s stock worth $869,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 59.16% of the company’s stock.

MAR traded up $3.58 on Tuesday, hitting $186.73. The company’s stock had a trading volume of 60,667 shares, compared to its average volume of 2,456,082. The company’s 50 day simple moving average is $170.18 and its 200-day simple moving average is $162.77. The firm has a market cap of $61.11 billion, a P/E ratio of 55.27 and a beta of 1.69. Marriott International, Inc. has a 12 month low of $127.23 and a 12 month high of $184.99. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 6.60.

Marriott International (NASDAQ:MARGet Rating) last released its earnings results on Tuesday, February 15th. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.28. Marriott International had a net margin of 7.93% and a return on equity of 125.04%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up 104.7% compared to the same quarter last year. Equities analysts predict that Marriott International, Inc. will post 5.52 earnings per share for the current fiscal year.

In other news, CFO Kathleen K. Oberg sold 10,071 shares of Marriott International stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $180.21, for a total transaction of $1,814,894.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 2,826 shares of Marriott International stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $179.82, for a total transaction of $508,171.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,726 shares of company stock worth $3,003,209. 12.21% of the stock is owned by insiders.

Several analysts recently weighed in on MAR shares. Morgan Stanley boosted their price objective on shares of Marriott International from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 16th. TheStreet upgraded shares of Marriott International from a “c+” rating to a “b-” rating in a report on Monday, March 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Marriott International from $150.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, February 16th. Zacks Investment Research raised shares of Marriott International from a “hold” rating to a “strong-buy” rating and set a $205.00 price objective for the company in a research report on Friday, February 18th. Finally, Jefferies Financial Group upped their price objective on shares of Marriott International from $192.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, February 16th. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $179.36.

About Marriott International (Get Rating)

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

See Also

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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