Kingsview Wealth Management LLC Boosts Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Kingsview Wealth Management LLC grew its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,806 shares of the company’s stock after acquiring an additional 120 shares during the period. Kingsview Wealth Management LLC’s holdings in Marriott International were worth $1,062,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Sound Income Strategies LLC raised its position in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the third quarter worth $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International in the third quarter worth $33,000. Heck Capital Advisors LLC purchased a new stake in shares of Marriott International in the fourth quarter worth $38,000. Finally, ORG Partners LLC raised 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 buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

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 company has a market cap of $80.03 billion, a PE ratio of 30.13, a P/E/G ratio of 4.88 and a beta of 1.57. The stock’s 50-day moving average is $284.30 and its 200 day moving average is $261.51.

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

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction that occurred on 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 directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MAR shares. Truist Financial increased their target price on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. TD Cowen reduced their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird increased their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI raised 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. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott International has an average rating of “Hold” and an average price target of $276.35.

Marriott International Company 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.