Raab & Moskowitz Asset Management LLC Cuts Stake in Marriott International, Inc. (NASDAQ:MAR)

Raab & Moskowitz Asset Management LLC trimmed its position in Marriott International, Inc. (NASDAQ:MAR) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,701 shares of the company’s stock after selling 318 shares during the period. Marriott International comprises about 0.9% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 28th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in Marriott International were worth $3,822,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its position in shares of Marriott International by 126.0% in the third quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock valued at $242,000 after buying an additional 542 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in Marriott International by 276.3% in the 3rd quarter. Wesbanco Bank Inc. now owns 18,643 shares of the company’s stock valued at $4,635,000 after acquiring an additional 13,689 shares during the last quarter. Creative Planning lifted its stake in Marriott International by 4.1% in the 3rd quarter. Creative Planning now owns 97,322 shares of the company’s stock worth $24,194,000 after purchasing an additional 3,840 shares in the last quarter. Occidental Asset Management LLC acquired a new position in shares of Marriott International during the 3rd quarter worth approximately $201,000. Finally, Swedbank AB grew its position in shares of Marriott International by 6.1% in the third quarter. Swedbank AB now owns 63,386 shares of the company’s stock valued at $15,758,000 after purchasing an additional 3,635 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Stock Performance

Shares of MAR opened at $290.45 on Thursday. The stock has a market capitalization of $80.71 billion, a PE ratio of 30.38, a P/E/G ratio of 4.88 and a beta of 1.57. The company’s 50-day simple moving average is $284.37 and its 200-day simple moving average is $261.87. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Marriott International (NASDAQ:MAR) last issued 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 net margin of 11.18% and a negative return on equity of 177.91%. On average, sell-side analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Analyst Ratings Changes

MAR has been the topic of a number of recent research reports. Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. Argus lifted their target price 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. Macquarie reissued a “neutral” rating and issued a $245.00 price target on shares of Marriott International 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and an average target price of $284.45.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred 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 owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.32% of the stock is owned by company insiders.

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.