Marriott International, Inc. (NASDAQ:MAR) Stock Holdings Increased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,462 shares of the company’s stock after buying an additional 144 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Marriott International were worth $1,803,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Investment Advisory Services Inc. TX ADV acquired a new position in shares of Marriott International in the 4th quarter valued at $216,000. Entropy Technologies LP acquired a new position in shares of Marriott International in the 4th quarter valued at $2,371,000. Empowered Funds LLC boosted its position in shares of Marriott International by 11.8% in the 4th quarter. Empowered Funds LLC now owns 4,174 shares of the company’s stock valued at $1,164,000 after purchasing an additional 440 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of Marriott International by 3.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,806 shares of the company’s stock valued at $1,062,000 after purchasing an additional 120 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in shares of Marriott International by 33.1% in the 4th quarter. Apollon Wealth Management LLC now owns 7,013 shares of the company’s stock valued at $1,956,000 after purchasing an additional 1,743 shares during the period. Institutional investors own 70.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MAR shares. Argus raised their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Stifel Nicolaus raised their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Bank of America raised their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price target on Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $276.35.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction 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 transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.32% of the company’s stock.

Marriott International Trading Down 5.4 %

Shares of NASDAQ:MAR opened at $288.00 on Wednesday. The business’s 50 day moving average is $284.30 and its 200-day moving average is $261.51. The firm has a market capitalization of $80.03 billion, a PE ratio of 30.13, a PEG ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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, sell-side analysts predict that Marriott International, Inc. will post 9.26 EPS for the current year.

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, City Express by Marriott, and St.