Marriott International, Inc. (NASDAQ:MAR) Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 7,224 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Marriott International were worth $2,015,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after acquiring an additional 37 shares during the period. TFG Advisers LLC boosted its position in Marriott International by 0.8% in the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after buying an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after acquiring an additional 38 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after purchasing an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its stake in Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock worth $953,000 after purchasing an additional 38 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the insider now directly owns 23,077 shares in the company, valued at $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. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Up 0.3 %

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MAR shares. 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. JPMorgan Chase & Co. increased their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group upped their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Sanford C. Bernstein lifted their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Barclays upped their price target on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $276.35.

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.