State of Alaska Department of Revenue Sells 845 Shares of Marriott International, Inc. (NASDAQ:MAR)

State of Alaska Department of Revenue lowered its holdings in Marriott International, Inc. (NASDAQ:MAR) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,299 shares of the company’s stock after selling 845 shares during the period. State of Alaska Department of Revenue’s holdings in Marriott International were worth $7,335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MAR. Bleakley Financial Group LLC raised its holdings in shares of Marriott International by 1.3% in the 4th quarter. Bleakley Financial Group LLC now owns 5,801 shares of the company’s stock worth $1,618,000 after purchasing an additional 73 shares during the period. Confluence Wealth Services Inc. raised its stake in shares of Marriott International by 3.3% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,765 shares of the company’s stock valued at $503,000 after buying an additional 57 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Marriott International by 11.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,352 shares of the company’s stock worth $21,911,000 after acquiring an additional 7,941 shares during the period. Lockheed Martin Investment Management Co. increased its holdings in Marriott International by 15.8% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 43,160 shares of the company’s stock worth $12,039,000 after acquiring an additional 5,880 shares during the last quarter. Finally, Stratos Investment Management LLC purchased a new stake in Marriott International during the fourth quarter valued at about $237,000. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MAR shares. Truist Financial boosted their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Bank of America raised their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays raised their target price on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Wells Fargo & Company increased their price target on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $276.35.

Insider Activity

In other Marriott International news, 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 sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,399 shares of company stock valued at $3,529,238. 10.07% of the stock is currently owned by insiders.

Marriott International Stock Performance

MAR stock opened at $302.95 on Friday. The firm has a market cap of $84.19 billion, a P/E ratio of 31.69, a P/E/G ratio of 4.68 and a beta of 1.57. The firm’s fifty day moving average is $283.30 and its 200 day moving average is $259.98. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $304.13.

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.