RAM Investment Partners LLC Buys 169 Shares of Marriott International, Inc. (NASDAQ:MAR)

RAM Investment Partners LLC boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 20.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 977 shares of the company’s stock after acquiring an additional 169 shares during the period. RAM Investment Partners LLC’s holdings in Marriott International were worth $273,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Marriott International by 10.8% in the 3rd quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock worth $94,000 after purchasing an additional 37 shares in the last quarter. TFG Advisers LLC lifted its holdings in shares of Marriott International by 0.8% in the fourth quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock worth $1,235,000 after buying an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Marriott International by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after acquiring an additional 38 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Marriott International by 1.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after acquiring an additional 38 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its holdings in shares of Marriott International by 1.1% during the 4th quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock valued at $953,000 after purchasing an additional 38 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Trading Up 0.3 %

NASDAQ MAR opened at $303.97 on Monday. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company’s 50-day moving average price is $283.94 and its 200-day moving average price is $260.83. The stock has a market cap of $84.47 billion, a PE ratio of 31.80, a PEG ratio of 4.88 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Sanford C. Bernstein upped their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Robert W. Baird lifted their price target on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $276.35.

Insiders Place Their Bets

In other news, insider William P. Brown sold 1,707 shares of the 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 transaction, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.32% of the company’s stock.

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.