Quent Capital LLC Grows Position in Marriott International, Inc. (NASDAQ:MAR)

Quent Capital LLC grew its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125 shares of the company’s stock after purchasing an additional 95 shares during the quarter. Quent Capital LLC’s holdings in Marriott International were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position 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 buying an additional 89 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in Marriott International in the 3rd quarter worth $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International during the third quarter worth $33,000. Wingate Wealth Advisors Inc. purchased a new position in Marriott International during the fourth quarter valued at $33,000. Finally, ORG Partners LLC increased its stake in shares of Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.32% of the company’s stock.

Marriott International Trading Down 5.4 %

Shares of MAR opened at $288.00 on Wednesday. The company’s 50-day moving average price is $284.30 and its 200 day moving average price is $261.51. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52. The firm has a market cap of $80.03 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping the consensus estimate 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 research analysts forecast that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Cowen decreased their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho lifted their price target on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research note 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 note on Tuesday, November 26th. The Goldman Sachs Group lifted their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Argus increased their target price on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.