Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,504 shares of the company’s stock after acquiring an additional 138 shares during the period. Private Advisor Group LLC’s holdings in Marriott International were worth $4,849,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC lifted its holdings in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the last quarter. Keener Financial Planning LLC bought a new stake in Marriott International during the fourth quarter valued at $30,000. OFI Invest Asset Management acquired a new stake in shares of Marriott International during the third quarter worth $25,000. Anchor Investment Management LLC bought a new position in shares of Marriott International in the 4th quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Marriott International during the 4th quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Down 0.3 %

Shares of NASDAQ MAR opened at $235.35 on Thursday. Marriott International, Inc. has a 52-week low of $165.13 and a 52-week high of $260.57. The stock has a market capitalization of $67.22 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 4.44 and a beta of 1.61. The stock’s fifty day simple moving average is $246.89 and its 200 day simple moving average is $229.50.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same period in the prior year, the company posted $2.09 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, analysts anticipate that Marriott International, Inc. will post 9.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAR. Robert W. Baird lifted their target price on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Mizuho boosted their price objective on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Argus increased their target price on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. UBS Group boosted their price target on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Barclays boosted their target price on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $241.33.

Insider Transactions at Marriott International

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,003 shares of company stock valued at $30,435,493. 10.07% of the stock is owned by insiders.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.