Stratos Investment Management LLC Takes Position in Marriott International, Inc. (NASDAQ:MAR)

Stratos Investment Management LLC purchased a new stake in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 850 shares of the company’s stock, valued at approximately $237,000.

A number of other large investors have also made changes to their positions in MAR. Czech National Bank increased its holdings in shares of Marriott International by 4.1% in the 3rd quarter. Czech National Bank now owns 47,599 shares of the company’s stock valued at $11,833,000 after purchasing an additional 1,879 shares in the last quarter. GAMMA Investing LLC increased its holdings in Marriott International by 9.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,410 shares of the company’s stock valued at $599,000 after acquiring an additional 207 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in Marriott International by 10.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 3,027 shares of the company’s stock valued at $752,000 after acquiring an additional 278 shares in the last quarter. Fulton Bank N.A. increased its holdings in Marriott International by 2.2% during the 3rd quarter. Fulton Bank N.A. now owns 3,481 shares of the company’s stock valued at $865,000 after acquiring an additional 75 shares in the last quarter. Finally, Country Trust Bank increased its holdings in Marriott International by 174,100.0% during the 3rd quarter. Country Trust Bank now owns 3,484 shares of the company’s stock valued at $866,000 after acquiring an additional 3,482 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Stock Up 0.6 %

Shares of MAR stock opened at $292.39 on Thursday. The stock has a market cap of $81.25 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. The firm’s 50 day moving average price is $283.16 and its two-hundred day moving average price is $259.75. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 EPS. On average, equities analysts forecast that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Insider Activity

In other news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,399 shares of company stock worth $3,529,238 over the last 90 days. Company insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MAR. Truist Financial raised their target price on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Robert W. Baird raised their price target 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. Bank of America raised their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $276.35.

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.