Cidel Asset Management Inc. Raises Stock Position in Marriott International, Inc. (NASDAQ:MAR)

Cidel Asset Management Inc. lifted its holdings in Marriott International, Inc. (NASDAQ:MAR) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,114 shares of the company’s stock after acquiring an additional 669 shares during the period. Marriott International accounts for about 1.6% of Cidel Asset Management Inc.’s portfolio, making the stock its 18th biggest holding. Cidel Asset Management Inc.’s holdings in Marriott International were worth $24,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sound Income Strategies LLC increased its holdings in shares of Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter worth approximately $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International during the 3rd quarter valued at approximately $33,000. Heck Capital Advisors LLC bought a new stake in Marriott International in the fourth quarter worth $38,000. Finally, ORG Partners LLC lifted its position in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MAR shares. Stifel Nicolaus increased their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Mizuho boosted their target price on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. BMO Capital Markets lifted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein raised 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. Finally, The Goldman Sachs Group upped their price target 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $276.35.

Marriott International Stock Up 0.3 %

Shares of NASDAQ:MAR opened at $303.97 on Friday. The company has a market capitalization of $84.47 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. The firm has a 50 day moving average of $283.64 and a 200 day moving average of $260.28. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $307.52.

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,399 shares of company stock valued at $3,529,238. Corporate insiders own 12.32% of the company’s stock.

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.