Raab & Moskowitz Asset Management LLC Sells 318 Shares of Marriott International, Inc. (NASDAQ:MAR)

Raab & Moskowitz Asset Management LLC lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,701 shares of the company’s stock after selling 318 shares during the quarter. Marriott International makes up about 0.9% of Raab & Moskowitz Asset Management LLC’s portfolio, making the stock its 28th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in Marriott International were worth $3,822,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. PointState Capital LP purchased a new stake in shares of Marriott International in the 3rd quarter worth approximately $98,249,000. Canoe Financial LP bought a new position in Marriott International in the third quarter worth approximately $77,331,000. International Assets Investment Management LLC boosted its position in Marriott International by 15,148.3% during the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after acquiring an additional 300,543 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Marriott International by 341.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Mizuho Securities USA LLC raised its position in shares of Marriott International by 629.7% in the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after acquiring an additional 116,477 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America lifted their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. BMO Capital Markets boosted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. UBS Group increased their price objective on Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Macquarie reaffirmed a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $284.45.

Marriott International Stock Performance

NASDAQ MAR opened at $290.45 on Thursday. The firm has a market capitalization of $80.71 billion, a P/E ratio of 30.38, a PEG ratio of 4.88 and a beta of 1.57. The stock has a 50-day simple moving average of $284.37 and a two-hundred day simple moving average of $261.87. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. As a group, analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

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.