Wingate Wealth Advisors Inc. Invests $33,000 in Marriott International, Inc. (NASDAQ:MAR)

Wingate Wealth Advisors Inc. acquired a new position in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 120 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds have also recently bought and sold shares of the company. Jensen Investment Management Inc. bought a new stake in shares of Marriott International during the 3rd quarter worth about $793,000. BayBridge Capital Group LLC acquired a new stake in Marriott International in the 3rd quarter worth approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Marriott International by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Marriott International in the third quarter worth $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new position in Marriott International in the 3rd quarter valued at $3,769,000. 70.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following 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 at the SEC website. Insiders own 12.32% of the company’s stock.

Marriott International Stock Down 5.4 %

Shares of NASDAQ MAR opened at $288.00 on Wednesday. Marriott International, Inc. has a twelve month low of $204.55 and a twelve month high of $307.52. The company’s fifty day moving average is $284.30 and its 200-day moving average is $261.51. The stock has a market cap of $80.03 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, research analysts anticipate that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MAR shares. Sanford C. Bernstein upped their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Jefferies Financial Group increased their target price on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Bank of America upped their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Truist Financial raised their price objective on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird increased their price target on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Thirteen equities research 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 company presently has an average rating of “Hold” and an average price target of $276.35.

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.