Great Lakes Retirement Inc. Has $2.94 Million Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Great Lakes Retirement Inc. increased its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,547 shares of the company’s stock after buying an additional 46 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Marriott International were worth $2,942,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Certuity LLC acquired a new position in Marriott International during the 4th quarter worth approximately $274,000. David Wealth Management LLC bought a new position in shares of Marriott International in the 4th quarter valued at $1,075,000. Quent Capital LLC boosted its holdings in shares of Marriott International by 9.2% during the 4th quarter. Quent Capital LLC now owns 1,125 shares of the company’s stock valued at $314,000 after acquiring an additional 95 shares in the last quarter. Essex Financial Services Inc. increased its holdings in Marriott International by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 3,004 shares of the company’s stock worth $838,000 after purchasing an additional 39 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC bought a new position in Marriott International in the fourth quarter valued at about $335,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the subject of several recent research reports. Mizuho upped their price objective on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Robert W. Baird boosted their price objective 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. Barclays raised their price objective on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Bank of America increased their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. 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.com, the company has an average rating of “Hold” and a consensus price target of $276.35.

Insider Buying and Selling

In related news, 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.32% of the stock is owned by insiders.

Marriott International Trading Down 5.4 %

Shares of NASDAQ:MAR opened at $288.00 on Wednesday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock has a market cap of $80.03 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The stock’s fifty day simple moving average is $284.30 and its two-hundred day simple moving average is $261.51.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

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.