Mather Group LLC. Cuts Holdings in Marriott International, Inc. (NASDAQ:MAR)

Mather Group LLC. decreased its position in Marriott International, Inc. (NASDAQ:MAR) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 741 shares of the company’s stock after selling 68 shares during the quarter. Mather Group LLC.’s holdings in Marriott International were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in MAR. Sound Income Strategies LLC grew its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the period. Silvant Capital Management LLC purchased a new stake in Marriott International during the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter worth $33,000. ORG Partners LLC grew its holdings in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Marriott International during the fourth quarter valued at $38,000. 70.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Evercore ISI raised 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. Sanford C. Bernstein increased their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Wells Fargo & Company increased their price target on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday. BMO Capital Markets upped their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, TD Cowen reduced their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $276.35.

Insider Buying and Selling at Marriott International

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the sale, the chief financial officer now owns 39,726 shares in the company, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction 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 sale, the insider now directly owns 23,077 shares of the company’s stock, 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 have sold 12,399 shares of company stock worth $3,529,238 over the last quarter. 10.07% of the stock is currently owned by company insiders.

Marriott International Stock Up 3.6 %

NASDAQ MAR opened at $302.95 on Friday. The firm has a market cap of $84.19 billion, a PE ratio of 31.69, a P/E/G ratio of 4.68 and a beta of 1.57. The business’s fifty day simple moving average is $283.30 and its 200-day simple moving average is $259.98. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $304.13.

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, City Express by Marriott, and St.