Kingsview Wealth Management LLC Buys 120 Shares of Marriott International, Inc. (NASDAQ:MAR)

Kingsview Wealth Management LLC lifted its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,806 shares of the company’s stock after purchasing an additional 120 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Marriott International were worth $1,062,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MAR. Apollon Wealth Management LLC lifted its position in Marriott International by 33.1% in the 4th quarter. Apollon Wealth Management LLC now owns 7,013 shares of the company’s stock valued at $1,956,000 after acquiring an additional 1,743 shares in the last quarter. TFG Advisers LLC lifted its position in Marriott International by 0.8% in the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after acquiring an additional 37 shares in the last quarter. BayBridge Capital Group LLC raised its stake in Marriott International by 2.8% during the 4th quarter. BayBridge Capital Group LLC now owns 5,182 shares of the company’s stock valued at $1,445,000 after buying an additional 139 shares during the last quarter. Cidel Asset Management Inc. raised its stake in Marriott International by 0.8% during the 4th quarter. Cidel Asset Management Inc. now owns 87,114 shares of the company’s stock valued at $24,300,000 after buying an additional 669 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Marriott International during the 4th quarter valued at $222,000. 70.70% of the stock is owned by institutional investors.

Marriott International Stock Down 5.4 %

MAR opened at $288.00 on Wednesday. The firm has a 50-day simple moving average of $284.30 and a two-hundred day simple moving average of $261.51. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The company has a market capitalization 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.

Marriott International (NASDAQ:MAR) last released 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%. As a group, sell-side analysts expect that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Insider Activity at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the stock in a transaction dated 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 approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MAR shares. The Goldman Sachs Group boosted their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their target price on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Sanford C. Bernstein boosted their target price 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. BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $276.35.

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.