Bleakley Financial Group LLC Boosts Stake in Marriott International, Inc. (NASDAQ:MAR)

Bleakley Financial Group LLC boosted its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,801 shares of the company’s stock after purchasing an additional 73 shares during the quarter. Bleakley Financial Group LLC’s holdings in Marriott International were worth $1,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after purchasing an additional 46,563 shares in the last quarter. National Pension Service increased its stake in Marriott International by 11.6% during the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after buying an additional 74,832 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Marriott International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after acquiring an additional 47,551 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Marriott International by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock valued at $110,156,000 after purchasing an additional 12,702 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider William P. Brown sold 1,707 shares of the 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,399 shares of company stock valued at $3,529,238 in the last three months. 12.32% of the stock is owned by corporate insiders.

Marriott International Stock Up 0.3 %

Shares of MAR stock opened at $303.97 on Friday. The stock has a market capitalization of $84.47 billion, a PE ratio of 31.80, a P/E/G ratio of 4.68 and a beta of 1.57. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52. The firm has a 50 day moving average of $283.64 and a two-hundred day moving average of $260.28.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Bank of America boosted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Argus lifted their price target on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group raised their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $276.35.

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.