Farther Finance Advisors LLC Has $652,000 Stake in Marriott International, Inc. (NASDAQ:MAR)

Farther Finance Advisors LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,621 shares of the company’s stock after acquiring an additional 92 shares during the period. Farther Finance Advisors LLC’s holdings in Marriott International were worth $652,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MAR. BDF Gestion bought a new position in Marriott International in the 2nd quarter worth approximately $3,013,000. CWM LLC grew its position in Marriott International by 518.7% in the second quarter. CWM LLC now owns 47,519 shares of the company’s stock valued at $11,489,000 after acquiring an additional 39,839 shares during the period. BayBridge Capital Group LLC bought a new stake in Marriott International in the third quarter valued at $1,254,000. Susquehanna Fundamental Investments LLC acquired a new position in Marriott International in the second quarter worth $3,844,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Marriott International by 1.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock worth $9,611,000 after purchasing an additional 753 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Stock Up 1.3 %

Shares of MAR stock opened at $259.66 on Wednesday. The company has a market cap of $73.10 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 6.24 and a beta of 1.58. Marriott International, Inc. has a 52 week low of $189.34 and a 52 week high of $266.58. The firm has a 50 day moving average of $248.41 and a 200-day moving average of $239.43.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Marriott International, Inc. will post 9.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group began coverage on Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. BMO Capital Markets boosted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday. Sanford C. Bernstein upped their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday. Finally, Barclays boosted their price objective on shares of Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $259.00.

About Marriott International

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.