Capital Investment Advisory Services LLC Has $527,000 Holdings in Marriott International, Inc. $MAR

Capital Investment Advisory Services LLC trimmed its holdings in Marriott International, Inc. (NASDAQ:MAR) by 53.1% in the third quarter, Holdings Channel reports. The fund owned 2,022 shares of the company’s stock after selling 2,286 shares during the period. Capital Investment Advisory Services LLC’s holdings in Marriott International were worth $527,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in Marriott International by 2.5% during the 4th quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock worth $2,479,000 after purchasing an additional 218 shares in the last quarter. Empowered Funds LLC increased its position in shares of Marriott International by 39.1% during the first quarter. Empowered Funds LLC now owns 5,805 shares of the company’s stock worth $1,383,000 after acquiring an additional 1,631 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Marriott International by 39.6% during the first quarter. Woodline Partners LP now owns 19,332 shares of the company’s stock worth $4,605,000 after acquiring an additional 5,480 shares during the period. Intech Investment Management LLC boosted its stake in Marriott International by 21.8% in the 1st quarter. Intech Investment Management LLC now owns 6,035 shares of the company’s stock worth $1,438,000 after purchasing an additional 1,079 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its holdings in Marriott International by 28.4% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 1,317 shares of the company’s stock worth $360,000 after purchasing an additional 291 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BMO Capital Markets raised Marriott International from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $285.00 to $370.00 in a research report on Friday, January 9th. Sanford C. Bernstein upped their price target on Marriott International from $329.00 to $369.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group raised shares of Marriott International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $288.00 to $345.00 in a research report on Monday, December 15th. Evercore raised their target price on shares of Marriott International from $320.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Finally, Robert W. Baird cut their price target on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $316.19.

Marriott International Trading Up 2.1%

NASDAQ MAR opened at $333.24 on Friday. The firm has a market capitalization of $89.42 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 2.92 and a beta of 1.13. The firm’s fifty day moving average price is $313.17 and its two-hundred day moving average price is $285.64. Marriott International, Inc. has a 1 year low of $205.40 and a 1 year high of $333.96.

Insider Activity at Marriott International

In related news, CAO Felitia Lee sold 1,617 shares of Marriott International stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $305.98, for a total transaction of $494,769.66. Following the completion of the transaction, the chief accounting officer owned 4,893 shares in the company, valued at approximately $1,497,160.14. This trade represents a 24.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the sale, the executive vice president owned 17,466 shares in the company, valued at $5,102,167.92. This represents a 10.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 74,490 shares of company stock worth $21,756,389. Insiders own 10.68% of the company’s stock.

Marriott International Company Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.