Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,505 shares of the company’s stock after purchasing an additional 88 shares during the quarter. Marriott International accounts for about 3.1% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 8th biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in Marriott International were worth $15,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. lifted its stake in Marriott International by 3.4% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 7,197 shares of the company’s stock valued at $2,007,000 after buying an additional 239 shares in the last quarter. Soltis Investment Advisors LLC lifted its stake in Marriott International by 1.4% in the fourth quarter. Soltis Investment Advisors LLC now owns 7,224 shares of the company’s stock valued at $2,015,000 after buying an additional 100 shares in the last quarter. Quilter Plc lifted its stake in Marriott International by 6.3% in the fourth quarter. Quilter Plc now owns 198,670 shares of the company’s stock valued at $55,417,000 after buying an additional 11,755 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Marriott International in the fourth quarter valued at approximately $33,000. Finally, Canvas Wealth Advisors LLC lifted its stake in Marriott International by 7.7% in the fourth quarter. Canvas Wealth Advisors LLC now owns 960 shares of the company’s stock valued at $268,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ:MAR opened at $304.45 on Tuesday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The company has a market cap of $84.60 billion, a P/E ratio of 31.85, a P/E/G ratio of 4.88 and a beta of 1.57. The firm’s fifty day moving average price is $283.94 and its two-hundred day moving average price is $261.01.

Insider Buying and Selling at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 12.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MAR shares. Barclays lifted their price target on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Argus boosted their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. BMO Capital Markets boosted their price objective 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. Robert W. Baird boosted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $276.35.

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.