Stratos Wealth Advisors LLC Decreases Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Stratos Wealth Advisors LLC trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 25.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,828 shares of the company’s stock after selling 618 shares during the period. Stratos Wealth Advisors LLC’s holdings in Marriott International were worth $510,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $793,000. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Marriott International in the 3rd quarter valued at approximately $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new stake in Marriott International in the 3rd quarter valued at approximately $3,769,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William P. Brown sold 1,707 shares of Marriott International 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 owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,399 shares of company stock valued at $3,529,238 over the last ninety days. Insiders own 12.32% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $303.97 on Friday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock has a market cap of $84.47 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. The firm has a fifty day moving average price of $283.64 and a 200 day moving average price of $260.28.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price 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. Barclays lifted their target price on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted 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 boosted 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. Finally, Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Marriott International currently has an average rating of “Hold” and an average price target of $276.35.

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.