Fisher Asset Management LLC Sells 84 Shares of Marriott International, Inc. (NASDAQ:MAR)

Fisher Asset Management LLC cut its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,050 shares of the company’s stock after selling 84 shares during the period. Fisher Asset Management LLC’s holdings in Marriott International were worth $1,590,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MAR. OFI Invest Asset Management acquired a new stake in shares of Marriott International in the 3rd quarter valued at approximately $25,000. ORG Partners LLC increased its stake in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Marriott International in the 4th quarter valued at about $30,000. Anchor Investment Management LLC bought a new position in Marriott International during the fourth quarter worth about $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Marriott International during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

MAR has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. UBS Group raised their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lowered their price target on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Barclays boosted their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Finally, Argus lifted their price target on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $241.33.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last ninety days. 10.07% of the stock is owned by corporate insiders.

Marriott International Stock Down 0.3 %

MAR stock opened at $235.35 on Thursday. The company’s 50-day moving average price is $246.89 and its two-hundred day moving average price is $229.50. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The firm has a market cap of $67.22 billion, a P/E ratio of 24.29, a P/E/G ratio of 4.44 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Equities analysts predict that Marriott International, Inc. will post 9.5 EPS for the current year.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.