Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Stiles Financial Services Inc

Stiles Financial Services Inc decreased its holdings in Marriott International, Inc. (NASDAQ:MAR) by 5.2% in the 4th quarter, HoldingsChannel reports. The fund owned 2,513 shares of the company’s stock after selling 137 shares during the quarter. Stiles Financial Services Inc’s holdings in Marriott International were worth $701,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Jensen Investment Management Inc. acquired a new position in Marriott International during the third quarter worth about $793,000. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International in the 3rd quarter worth approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Marriott International by 0.5% during 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 position in shares of Marriott International in the third quarter valued at $2,721,000. Finally, Kinsale Capital Group Inc. purchased a new stake in shares of Marriott International in the 3rd quarter worth about $3,769,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company increased their target price on Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Barclays upped their price objective on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Macquarie reaffirmed a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $276.35.

Marriott International Trading Up 0.3 %

MAR stock opened at $303.97 on Monday. The stock has a 50-day moving average price of $283.94 and a two-hundred day moving average price of $260.83. The company has a market cap of $84.47 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

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.