Quilter Plc Buys 11,755 Shares of Marriott International, Inc. (NASDAQ:MAR)

Quilter Plc lifted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 198,670 shares of the company’s stock after buying an additional 11,755 shares during the quarter. Quilter Plc owned about 0.07% of Marriott International worth $55,417,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wingate Wealth Advisors Inc. bought a new position in shares of Marriott International during the fourth quarter valued at about $33,000. Canvas Wealth Advisors LLC grew its stake in Marriott International by 7.7% during the fourth quarter. Canvas Wealth Advisors LLC now owns 960 shares of the company’s stock valued at $268,000 after acquiring an additional 69 shares in the last quarter. RAM Investment Partners LLC grew its stake in Marriott International by 20.9% during the fourth quarter. RAM Investment Partners LLC now owns 977 shares of the company’s stock valued at $273,000 after acquiring an additional 169 shares in the last quarter. Angeles Wealth Management LLC grew its stake in Marriott International by 10.9% in the 4th quarter. Angeles Wealth Management LLC now owns 2,096 shares of the company’s stock worth $585,000 after buying an additional 206 shares in the last quarter. Finally, OMC Financial Services LTD lifted its holdings in shares of Marriott International by 1.4% in the 4th quarter. OMC Financial Services LTD now owns 19,641 shares of the company’s stock worth $5,479,000 after acquiring an additional 270 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. 12.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MAR. The Goldman Sachs Group upped their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group upped their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Robert W. Baird increased their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research note on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $276.35.

Marriott International Price Performance

NASDAQ MAR opened at $303.97 on Monday. The firm has a market cap of $84.47 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The stock’s 50 day simple moving average is $283.94 and its 200 day simple moving average is $260.83. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52.

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.