Stephens Inc. AR Cuts Position in Marriott International, Inc. (NASDAQ:MAR)

Stephens Inc. AR decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,750 shares of the company’s stock after selling 44 shares during the period. Stephens Inc. AR’s holdings in Marriott International were worth $1,325,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MAR. Jensen Investment Management Inc. purchased a new stake in Marriott International in the third quarter worth $793,000. BayBridge Capital Group LLC purchased a new stake in Marriott International in the third quarter worth about $1,254,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Marriott International during the third quarter valued at approximately $2,721,000. Finally, Kinsale Capital Group Inc. purchased a new stake in Marriott International during the third quarter worth $3,769,000. 70.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.07% of the stock is owned by company insiders.

Marriott International Stock Performance

NASDAQ MAR opened at $290.45 on Thursday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The business has a fifty day moving average price of $284.37 and a 200 day moving average price of $261.87. The company has a market cap of $80.71 billion, a P/E ratio of 30.38, a P/E/G ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, sell-side analysts predict that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAR. TD Cowen reduced their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Truist Financial raised their price objective on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research note on Wednesday. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $284.45.

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.