Savant Capital LLC Reduces Position in Marriott International, Inc. (NASDAQ:MAR)

Savant Capital LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,533 shares of the company’s stock after selling 83 shares during the quarter. Savant Capital LLC’s holdings in Marriott International were worth $16,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

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 shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of MAR stock opened at $303.97 on Monday. The stock’s fifty day moving average is $283.94 and its two-hundred day moving average is $260.83. The firm has a market capitalization of $84.47 billion, a P/E ratio of 31.80, a PEG ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MAR shares. Bank of America lifted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. TD Cowen lowered their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group upped their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Mizuho increased their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.