Mill Creek Capital Advisors LLC Takes $335,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Mill Creek Capital Advisors LLC acquired a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,201 shares of the company’s stock, valued at approximately $335,000.

Other large investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew 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 valued at $30,000 after purchasing an additional 89 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Marriott International in the 4th quarter valued at about $33,000. Silvant Capital Management LLC acquired a new stake in shares of Marriott International during the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Marriott International in the fourth quarter valued at approximately $38,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MAR shares. Stifel Nicolaus increased their price target on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price target 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, February 4th. TD Cowen lowered their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird boosted their target price on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Barclays raised their price target on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $276.35.

Marriott International Price Performance

Shares of MAR stock opened at $288.00 on Wednesday. The firm has a fifty day moving average of $284.30 and a two-hundred day moving average of $261.51. The firm has a market cap of $80.03 billion, a P/E ratio of 30.13, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year 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, beating 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, sell-side analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

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.