Wilmington Savings Fund Society FSB Sells 1,091 Shares of Marriott International, Inc. (NASDAQ:MAR)

Wilmington Savings Fund Society FSB decreased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,978 shares of the company’s stock after selling 1,091 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Marriott International were worth $1,110,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Marriott International by 297.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,841 shares of the company’s stock valued at $458,000 after purchasing an additional 1,378 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Marriott International by 41.5% in the third quarter. Valeo Financial Advisors LLC now owns 4,084 shares of the company’s stock worth $1,015,000 after buying an additional 1,198 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Marriott International by 126.0% during the third quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock worth $242,000 after acquiring an additional 542 shares during the last quarter. Sapient Capital LLC increased its holdings in Marriott International by 1.1% in the 3rd quarter. Sapient Capital LLC now owns 64,705 shares of the company’s stock valued at $16,086,000 after acquiring an additional 713 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of Marriott International by 4.9% during the 3rd quarter. Grove Bank & Trust now owns 1,247 shares of the company’s stock valued at $310,000 after purchasing an additional 58 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Price Performance

Shares of MAR stock opened at $304.45 on Tuesday. The company’s 50-day simple moving average is $283.94 and its two-hundred day simple moving average is $261.01. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a market capitalization of $84.60 billion, a P/E ratio of 31.85, a P/E/G ratio of 4.88 and a beta of 1.57.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. BMO Capital Markets upped their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird lifted their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Marriott International has a consensus rating of “Hold” and an average target price of $276.35.

Insiders Place Their Bets

In other 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 transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.32% of the stock is currently owned by company insiders.

Marriott International Company 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.