TFG Advisers LLC Has $1.24 Million Position in Marriott International, Inc. (NASDAQ:MAR)

TFG Advisers LLC raised its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,426 shares of the company’s stock after buying an additional 37 shares during the period. TFG Advisers LLC’s holdings in Marriott International were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday. Bank of America increased their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Finally, Stifel Nicolaus raised their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $276.35.

Insider Buying and Selling

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International 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 completion of the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s 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 sale, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,399 shares of company stock worth $3,529,238. Corporate insiders own 12.32% of the company’s stock.

Marriott International Price Performance

NASDAQ MAR opened at $303.97 on Friday. The company’s 50 day simple moving average is $283.64 and its two-hundred day simple moving average is $260.28. The stock has a market capitalization of $84.47 billion, a PE ratio of 31.80, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

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.