Benchmark Financial Wealth Advisors LLC Decreases Stake in Marriott International, Inc. (NASDAQ:MAR)

Benchmark Financial Wealth Advisors LLC decreased its position in Marriott International, Inc. (NASDAQ:MAR) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,993 shares of the company’s stock after selling 576 shares during the quarter. Benchmark Financial Wealth Advisors LLC’s holdings in Marriott International were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after buying an additional 46,563 shares in the last quarter. National Pension Service raised its stake in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock worth $178,896,000 after buying an additional 74,832 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after purchasing an additional 47,551 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after buying an additional 2,723 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Marriott International by 3.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 443,103 shares of the company’s stock worth $110,156,000 after acquiring an additional 12,702 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

Marriott International Trading Up 0.6 %

Shares of MAR stock opened at $292.39 on Thursday. The company has a market capitalization of $81.25 billion, a P/E ratio of 30.58, a P/E/G ratio of 4.68 and a beta of 1.57. The business’s 50 day moving average is $283.16 and its two-hundred day moving average is $259.75. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the business earned $2.11 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Mizuho upped their price objective on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Bank of America boosted their target price on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $276.35.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the 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 of the company’s stock, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at $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 a total of 12,399 shares of company stock worth $3,529,238 over the last quarter. 10.07% of the stock is currently owned by corporate insiders.

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.