Apollon Wealth Management LLC Has $1.96 Million Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Apollon Wealth Management LLC grew its holdings in Marriott International, Inc. (NASDAQ:MAR) by 33.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,013 shares of the company’s stock after acquiring an additional 1,743 shares during the quarter. Apollon Wealth Management LLC’s holdings in Marriott International were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC increased its holdings in shares of Marriott International by 10.8% during the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after purchasing an additional 37 shares during the period. TFG Advisers LLC increased its stake in Marriott International by 0.8% during the fourth 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 during the period. Harbor Capital Advisors Inc. lifted its position in shares of Marriott International by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after acquiring an additional 38 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Marriott International by 1.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock worth $918,000 after purchasing an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC raised its stake in shares of Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MAR has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company raised their price target on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Barclays increased their target price on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, TD Cowen decreased their price target 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. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $276.35.

Insider Transactions at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value 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. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is currently owned by corporate insiders.

Marriott International Price Performance

Shares of Marriott International stock opened at $303.97 on Monday. The firm has a 50 day simple moving average of $283.94 and a 200 day simple moving average of $260.83. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm has a market cap of $84.47 billion, a P/E ratio of 31.80, a P/E/G ratio of 4.88 and a beta of 1.57.

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.