Pinnacle Wealth Management Advisory Group LLC Takes $217,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Pinnacle Wealth Management Advisory Group LLC bought a new stake in Marriott International, Inc. (NASDAQ:MAR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 961 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its position in Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after purchasing an additional 8,463 shares during the last quarter. Cerity Partners LLC increased its position in shares of Marriott International by 86.8% in the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after buying an additional 20,890 shares in the last quarter. International Assets Investment Management LLC grew its stake in Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after acquiring an additional 323,500 shares during the last quarter. Impax Asset Management Group plc raised its position in Marriott International by 88.4% during the fourth quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock worth $2,351,000 after acquiring an additional 4,892 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Marriott International by 14.7% in the fourth quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after purchasing an additional 10,197 shares during the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ MAR opened at $237.54 on Friday. The company’s fifty day moving average price is $246.62 and its two-hundred day moving average price is $229.54. The company has a market capitalization of $67.85 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 4.44 and a beta of 1.61. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share. As a group, analysts anticipate that Marriott International, Inc. will post 9.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on MAR shares. Mizuho lifted their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company decreased their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Truist Financial upped their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Robert W. Baird upped their price objective on Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets lifted their target price on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $241.33.

Insiders Place Their Bets

In related news, Director Eric Hippeau sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $237.40, for a total value of $617,240.00. Following the sale, the director now owns 1,472 shares of the company’s stock, valued at approximately $349,452.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Marriott International news, Director Eric Hippeau sold 2,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the sale, the director now owns 1,472 shares in the company, valued at $349,452.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David S. Marriott sold 2,878 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total value of $716,449.32. Following the transaction, the insider now owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last quarter. Insiders own 10.07% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.