Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC grew its position in Marriott International, Inc. (NASDAQ:MAR) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 960 shares of the company’s stock after purchasing an additional 69 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Marriott International were worth $268,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAR. Larson Financial Group LLC lifted its holdings in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after purchasing an additional 37 shares during the period. TFG Advisers LLC increased its position in Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock worth $1,235,000 after purchasing an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after purchasing an additional 38 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Marriott International by 1.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock worth $918,000 after acquiring an additional 38 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its position in shares of Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

MAR has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their target price on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target on the stock in a research report on Tuesday, February 4th. Finally, TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $276.35.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

MAR opened at $303.97 on Monday. The firm has a market capitalization of $84.47 billion, a PE ratio of 31.80, a PEG ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The business’s 50-day simple moving average is $283.94 and its 200 day simple moving average is $260.83.

Marriott International Company 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.