Investment Advisory Services Inc. TX ADV Makes New $216,000 Investment in Marriott International, Inc. (NASDAQ:MAR)

Investment Advisory Services Inc. TX ADV acquired a new position in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 773 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors also recently bought and sold shares of MAR. Sound Income Strategies LLC lifted its position in shares of Marriott International by 494.4% in 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 in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International in the 3rd quarter valued at about $33,000. Heck Capital Advisors LLC purchased a new stake in shares of Marriott International during the fourth quarter worth $38,000. Finally, ORG Partners LLC increased its stake in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after buying an additional 84 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MAR shares. Robert W. Baird upped their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group boosted their target price on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein boosted their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price target on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $276.35.

Marriott International Stock Up 0.3 %

Shares of NASDAQ:MAR opened at $303.97 on Friday. The company has a market capitalization 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. The company has a 50 day moving average of $283.94 and a two-hundred day moving average of $260.70. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,399 shares of company stock worth $3,529,238 in the last quarter. 12.32% of the stock is owned by corporate 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.