Marriott International, Inc. (NASDAQ:MAR) Shares Sold by Hendershot Investments Inc.

Hendershot Investments Inc. reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 857 shares of the company’s stock after selling 350 shares during the quarter. Hendershot Investments Inc.’s holdings in Marriott International were worth $239,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MAR. Sound Income Strategies LLC boosted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the period. Silvant Capital Management LLC purchased a new position in shares of Marriott International during the third quarter valued at $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter worth about $33,000. Heck Capital Advisors LLC purchased a new position in Marriott International during the 4th quarter valued at about $38,000. Finally, ORG Partners LLC lifted its position in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares in the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAR has been the topic of several research reports. Sanford C. Bernstein upped their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Evercore ISI upgraded 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. Barclays raised their price target 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. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $276.35.

Marriott International Stock Up 0.3 %

Shares of MAR stock opened at $303.97 on Friday. The stock has a 50 day moving average of $283.94 and a 200-day moving average of $260.70. The firm has a market cap of $84.47 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52.

Insider Activity at Marriott International

In other Marriott International 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 value of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,399 shares of company stock worth $3,529,238 in the last ninety days. 12.32% of the stock is currently owned by insiders.

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.