Quilter Plc Raises Position in Marriott International, Inc. (NASDAQ:MAR)

Quilter Plc increased its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 6.3% in the 4th quarter, Holdings Channel reports. The firm owned 198,670 shares of the company’s stock after buying an additional 11,755 shares during the period. Quilter Plc’s holdings in Marriott International were worth $55,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Jensen Investment Management Inc. bought a new position in shares of Marriott International in the third quarter worth approximately $793,000. BayBridge Capital Group LLC purchased a new stake in Marriott International during the third quarter valued at $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Marriott International in the third quarter valued at $2,721,000. Finally, Kinsale Capital Group Inc. purchased a new position in Marriott International in the 3rd quarter worth about $3,769,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marriott International

In related news, 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 transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction 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 directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Performance

Shares of MAR opened at $303.97 on Monday. The stock has a market capitalization of $84.47 billion, a PE ratio of 31.80, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The company’s 50-day simple moving average is $283.94 and its 200-day simple moving average is $260.83.

Wall Street Analyst Weigh In

MAR has been the topic of several recent analyst reports. Stifel Nicolaus raised their price target on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein lifted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Mizuho lifted their price objective on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $276.35.

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.