3,854 Shares in Marriott International, Inc. (NASDAQ:MAR) Purchased by David Wealth Management LLC

David Wealth Management LLC bought a new position in Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,854 shares of the company’s stock, valued at approximately $1,075,000. Marriott International comprises approximately 0.9% of David Wealth Management LLC’s holdings, making the stock its 14th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after purchasing an additional 37 shares during the last quarter. TFG Advisers LLC grew its stake in shares of Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after purchasing an additional 37 shares during the period. Harbor Capital Advisors Inc. grew its position in Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after buying an additional 38 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Marriott International by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock worth $918,000 after acquiring an additional 38 shares during the period. Finally, Evermay Wealth Management LLC raised its holdings in Marriott International by 1.1% in the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock worth $953,000 after purchasing an additional 38 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 target price on the stock in a research note on Tuesday, February 4th. Sanford C. Bernstein increased their price target on Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $276.35.

Marriott International Stock Performance

MAR opened at $288.00 on Wednesday. The stock’s 50 day moving average price is $284.30 and its 200-day moving average price is $261.51. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, 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 filing with the SEC, which is available at the SEC website. 12.32% of the stock is currently owned by corporate insiders.

Marriott International 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.