Mill Creek Capital Advisors LLC Invests $335,000 in Marriott International, Inc. (NASDAQ:MAR)

Mill Creek Capital Advisors LLC acquired a new position in Marriott International, Inc. (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,201 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAR. Sound Income Strategies LLC lifted its stake in Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at about $33,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the third quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new position in Marriott International during the third quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Marriott International in the 4th quarter valued at approximately $38,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAR has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a report on Tuesday, February 4th. Stifel Nicolaus increased their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Finally, Mizuho lifted their target price on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $276.35.

Marriott International Trading Down 5.4 %

Shares of MAR stock opened at $288.00 on Wednesday. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52. The firm’s fifty day simple moving average is $284.30 and its 200 day simple moving average is $261.51. The firm has a market capitalization of $80.03 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

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

Insider Transactions at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.32% of the stock is owned by 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.