Cidel Asset Management Inc. Purchases 669 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cidel Asset Management Inc. raised its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,114 shares of the company’s stock after purchasing an additional 669 shares during the period. Marriott International accounts for about 1.6% of Cidel Asset Management Inc.’s holdings, making the stock its 18th largest holding. Cidel Asset Management Inc.’s holdings in Marriott International were worth $24,300,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brookstone Capital Management increased its position in Marriott International by 9.7% during the 3rd quarter. Brookstone Capital Management now owns 3,769 shares of the company’s stock valued at $937,000 after purchasing an additional 334 shares during the period. Watts Gwilliam & Co. LLC bought a new position in Marriott International in the third quarter worth about $281,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Marriott International by 297.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,841 shares of the company’s stock worth $458,000 after buying an additional 1,378 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of Marriott International by 41.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 4,084 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,198 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Marriott International by 126.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock valued at $242,000 after purchasing an additional 542 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marriott International

In other news, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the transaction, the chief financial officer now owns 39,726 shares in the company, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the company’s 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 completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 12,399 shares of company stock valued at $3,529,238. 12.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday. Bank of America boosted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Truist Financial boosted their price target on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Argus lifted their price objective on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus increased their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $276.35.

Marriott International Price Performance

NASDAQ MAR opened at $303.97 on Friday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The stock has a market capitalization of $84.47 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 4.68 and a beta of 1.57. The business’s fifty day moving average price is $283.64 and its 200-day moving average price is $260.28.

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.