Hemington Wealth Management Has $159,000 Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Hemington Wealth Management reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 571 shares of the company’s stock after selling 60 shares during the quarter. Hemington Wealth Management’s holdings in Marriott International were worth $159,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MAR. JPMorgan Chase & Co. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets increased their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. TD Cowen decreased their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Tuesday, February 4th. Finally, Mizuho raised their price objective on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $284.45.

Marriott International Stock Up 0.9 %

Marriott International stock opened at $290.45 on Thursday. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a 50-day simple moving average of $284.37 and a 200 day simple moving average of $261.87. The stock has a market cap of $80.71 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, research analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

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.