Marriott International, Inc. (NASDAQ:MAR) Shares Acquired by OMC Financial Services LTD

OMC Financial Services LTD raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,641 shares of the company’s stock after purchasing an additional 270 shares during the period. Marriott International comprises 2.3% of OMC Financial Services LTD’s investment portfolio, making the stock its 12th biggest position. OMC Financial Services LTD’s holdings in Marriott International were worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Jensen Investment Management Inc. acquired a new position in Marriott International during the 3rd quarter worth approximately $793,000. BayBridge Capital Group LLC acquired a new position in shares of Marriott International during the third quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after buying an additional 2,723 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Marriott International during the 3rd quarter worth about $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new stake in shares of Marriott International during the 3rd quarter worth about $3,769,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MAR shares. Wells Fargo & Company increased their price target on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Robert W. Baird lifted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. TD Cowen decreased their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Barclays boosted their target price on Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. 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 report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average target price of $276.35.

Marriott International Stock Up 0.3 %

NASDAQ MAR opened at $303.97 on Monday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a 50-day moving average price of $283.94 and a 200 day moving average price of $260.83. The stock has a market capitalization of $84.47 billion, a P/E ratio of 31.80, a P/E/G ratio of 4.88 and a beta of 1.57.

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.