120 Shares in Marriott International, Inc. (NASDAQ:MAR) Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 120 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jensen Investment Management Inc. purchased a new stake in Marriott International during the 3rd quarter worth $793,000. BayBridge Capital Group LLC purchased a new stake in shares of Marriott International during the third quarter worth about $1,254,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Marriott International during the 3rd quarter valued at approximately $2,721,000. Finally, Kinsale Capital Group Inc. purchased a new stake in Marriott International during the 3rd quarter worth approximately $3,769,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

MAR has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Macquarie reissued a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. TD Cowen reduced their price objective 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. Barclays boosted their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group raised their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $276.35.

Marriott International Trading Down 5.4 %

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 firm has a market capitalization 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 business’s fifty day moving average price is $284.30 and its 200 day moving average price is $261.51.

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 analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Equities analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Insider Activity

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s 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 $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.32% of the stock is currently owned by corporate insiders.

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.