First Fiduciary Investment Counsel Inc. Purchases 88 Shares of Marriott International, Inc. (NASDAQ:MAR)

First Fiduciary Investment Counsel Inc. boosted its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 0.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,505 shares of the company’s stock after purchasing an additional 88 shares during the period. Marriott International accounts for approximately 3.1% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 8th largest holding. First Fiduciary Investment Counsel Inc.’s holdings in Marriott International were worth $15,204,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MAR. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Marriott International by 297.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,841 shares of the company’s stock worth $458,000 after buying an additional 1,378 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Marriott International by 41.5% during the third 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 in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Marriott International by 126.0% in the third quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock worth $242,000 after acquiring an additional 542 shares during the last quarter. Sapient Capital LLC lifted its holdings in shares of Marriott International by 1.1% in the third quarter. Sapient Capital LLC now owns 64,705 shares of the company’s stock worth $16,086,000 after acquiring an additional 713 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of Marriott International by 4.9% in the third quarter. Grove Bank & Trust now owns 1,247 shares of the company’s stock worth $310,000 after acquiring an additional 58 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research reports. Sanford C. Bernstein increased their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Argus increased their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Barclays increased 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. Truist Financial increased their target price on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group raised their price objective 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. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Marriott International has an average rating of “Hold” and an average target price of $276.35.

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the firm’s 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 owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Marriott International stock opened at $304.45 on Tuesday. Marriott International, Inc. has a 52-week low of $204.55 and a 52-week high of $307.52. The firm has a 50 day moving average price of $283.94 and a two-hundred day moving average price of $261.01. The firm has a market cap of $84.60 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 4.88 and a beta of 1.57.

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.