Marriott International, Inc. (NASDAQ:MAR) Position Boosted by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 33.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,013 shares of the company’s stock after acquiring an additional 1,743 shares during the quarter. Apollon Wealth Management LLC’s holdings in Marriott International were worth $1,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. TFG Advisers LLC raised its holdings in Marriott International by 0.8% during the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock worth $1,235,000 after purchasing an additional 37 shares in the last quarter. BayBridge Capital Group LLC increased its position in shares of Marriott International by 2.8% during the 4th quarter. BayBridge Capital Group LLC now owns 5,182 shares of the company’s stock valued at $1,445,000 after purchasing an additional 139 shares during the period. Cidel Asset Management Inc. lifted its holdings in shares of Marriott International by 0.8% in the fourth quarter. Cidel Asset Management Inc. now owns 87,114 shares of the company’s stock valued at $24,300,000 after buying an additional 669 shares during the period. Golden State Wealth Management LLC acquired a new position in Marriott International during the fourth quarter worth about $222,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Marriott International by 0.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,640 shares of the company’s stock worth $9,105,000 after acquiring an additional 301 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Insider Activity at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction that occurred 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 owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.32% of the company’s stock.

Marriott International Price Performance

MAR opened at $303.97 on Monday. The company has a market capitalization 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. The business has a 50-day moving average of $283.94 and a 200-day moving average of $260.83. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Analysts Set New Price Targets

MAR has been the topic of several recent research reports. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho upped their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a report on Tuesday, February 4th. Truist Financial upped their target price on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price objective on Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.