Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 59,533 shares of the company’s stock after selling 83 shares during the period. Savant Capital LLC’s holdings in Marriott International were worth $16,606,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Marriott International by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after purchasing an additional 46,563 shares during the last quarter. National Pension Service raised its holdings in Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after purchasing an additional 74,832 shares in the last quarter. Janus Henderson Group PLC raised its position in Marriott International by 8.4% in the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after acquiring an additional 47,551 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted 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 buying an additional 2,723 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Marriott International by 3.0% in the third quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after buying an additional 12,702 shares during the period. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

MAR stock opened at $303.97 on Monday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The company has a market cap of $84.47 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The stock’s fifty day moving average price is $283.94 and its 200-day moving average price is $260.83.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAR. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Argus raised their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Barclays raised their price objective on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Sanford C. Bernstein raised their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, TD Cowen reduced their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $276.35.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on 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 transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at 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 $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.32% of the company’s stock.

Marriott International 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.