Stratos Investment Management LLC Buys Shares of 850 Marriott International, Inc. (NASDAQ:MAR)

Stratos Investment Management LLC bought a new stake in shares of Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, HoldingsChannel reports. The fund bought 850 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares during the period. Silvant Capital Management LLC acquired a new stake in Marriott International in the third quarter worth about $31,000. Darwin Wealth Management LLC acquired a new stake in Marriott International in the third quarter worth about $33,000. ORG Partners LLC lifted its holdings in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in Marriott International in the fourth quarter worth about $38,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

Shares of MAR opened at $292.39 on Thursday. The company has a market capitalization of $81.25 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 4.68 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 $295.45. The business’s 50-day moving average is $283.16 and its 200-day moving average is $259.75.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. Equities research analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday. Wells Fargo & Company boosted their price target on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. BMO Capital Markets boosted their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Finally, Argus boosted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $276.35.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company’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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,399 shares of company stock valued at $3,529,238. 10.07% of the stock is owned by corporate insiders.

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.