Soltis Investment Advisors LLC Raises Holdings in Marriott International, Inc. (NASDAQ:MAR)

Soltis Investment Advisors LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,224 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Marriott International were worth $2,015,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in 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 buying an additional 89 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in Marriott International in the 3rd quarter valued at $31,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International during the third quarter worth about $33,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at about $33,000. Finally, ORG Partners LLC lifted its position in Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was 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 the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares in the company, 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAR. Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price target on Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Truist Financial lifted their price objective on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Barclays increased their target price on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $276.35.

Marriott International Stock Performance

Shares of MAR opened at $303.97 on Monday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a fifty day moving average of $283.94 and a 200-day moving average of $260.83. The company has a market cap of $84.47 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

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.