Fisher Asset Management LLC Sells 84 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fisher Asset Management LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,050 shares of the company’s stock after selling 84 shares during the period. Fisher Asset Management LLC’s holdings in Marriott International were worth $1,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MAR. Grove Bank & Trust increased its position in shares of Marriott International by 3.4% during the fourth quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after buying an additional 43 shares during the period. Argus Investors Counsel Inc. raised its position in shares of Marriott International by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after acquiring an additional 45 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Marriott International by 2.8% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,673 shares of the company’s stock valued at $377,000 after purchasing an additional 45 shares in the last quarter. LGL Partners LLC grew its stake in Marriott International by 1.9% in the fourth quarter. LGL Partners LLC now owns 2,630 shares of the company’s stock worth $593,000 after purchasing an additional 50 shares during the period. Finally, ORG Partners LLC lifted its position in Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Insider Transactions at Marriott International

In related news, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the sale, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 47,109 shares of Marriott International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares in the company, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 in the last three months. Corporate insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MAR shares. Barclays increased their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. BMO Capital Markets lifted their target price on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Truist Financial raised their price objective on Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a research report on Wednesday, February 14th. Wells Fargo & Company cut their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Finally, Robert W. Baird lifted their price target on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $241.33.

Marriott International Stock Performance

MAR stock opened at $235.35 on Thursday. The business’s 50-day moving average is $246.89 and its two-hundred day moving average is $229.50. The company has a market cap of $67.22 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 4.44 and a beta of 1.61. Marriott International, Inc. has a fifty-two week low of $165.13 and a fifty-two week high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same period in the previous year, the business posted $2.09 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts predict that Marriott International, Inc. will post 9.5 earnings per share for the current year.

About Marriott International

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.