Confluence Wealth Services Inc. Acquires 57 Shares of Marriott International, Inc. (NASDAQ:MAR)

Confluence Wealth Services Inc. increased its stake in Marriott International, Inc. (NASDAQ:MAR) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,765 shares of the company’s stock after acquiring an additional 57 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Marriott International were worth $503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Marriott International by 11.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,352 shares of the company’s stock valued at $21,911,000 after acquiring an additional 7,941 shares during the last quarter. Lockheed Martin Investment Management Co. increased its holdings in Marriott International by 15.8% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 43,160 shares of the company’s stock worth $12,039,000 after purchasing an additional 5,880 shares in the last quarter. Stratos Investment Management LLC bought a new position in shares of Marriott International during the 4th quarter worth approximately $237,000. E. Ohman J or Asset Management AB bought a new stake in shares of Marriott International in the 4th quarter valued at $3,110,000. Finally, Longboard Asset Management LP acquired a new position in shares of Marriott International during the 4th quarter valued at $202,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Up 0.6 %

Marriott International stock opened at $292.39 on Thursday. The business has a 50-day simple moving average of $283.16 and a 200 day simple moving average of $259.75. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45. The stock has a market cap of $81.25 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 4.68 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Marriott International, Inc. will post 9.26 earnings per share for the current year.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the sale, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,399 shares of company stock worth $3,529,238 over the last 90 days. Corporate insiders own 10.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAR. The Goldman Sachs Group boosted their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price target on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. 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 research note on Tuesday. Bank of America upped their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, BMO Capital Markets lifted their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.