Great Lakes Retirement Inc. Buys 46 Shares of Marriott International, Inc. (NASDAQ:MAR)

Great Lakes Retirement Inc. increased its position in Marriott International, Inc. (NASDAQ:MAR) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,547 shares of the company’s stock after acquiring 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC increased its holdings 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 purchasing an additional 89 shares during the period. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the 3rd quarter valued at about $31,000. Darwin Wealth Management LLC bought a new stake in shares of Marriott International during the 3rd quarter valued at about $33,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the fourth quarter worth about $33,000. Finally, ORG Partners LLC raised its stake in Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $288.00 on Wednesday. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 4.88 and a beta of 1.57. The stock’s 50 day simple moving average is $284.30 and its two-hundred day simple moving average is $261.51. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

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

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated 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 directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MAR shares. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Mizuho boosted their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Finally, Bank of America upped their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.