Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $699,000 Stock Holdings in Marriott International, Inc. (NASDAQ:MAR)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Marriott International, Inc. (NASDAQ:MAR) by 18.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,100 shares of the company’s stock after buying an additional 474 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Marriott International were worth $699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Marriott International in the third quarter worth about $25,000. ORG Partners LLC lifted its stake in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. Keener Financial Planning LLC bought a new stake in shares of Marriott International during the fourth quarter worth $30,000. Anchor Investment Management LLC bought a new stake in Marriott International in the 4th quarter valued at $31,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in Marriott International in the 4th quarter worth $33,000. 70.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MAR has been the subject of several recent research reports. Barclays upped their price objective on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, April 19th. UBS Group lifted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Robert W. Baird lifted their price target on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Mizuho increased their price objective on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Argus lifted their target price on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $241.33.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the transaction, the chief financial officer now owns 20,036 shares of the company’s stock, valued at approximately $4,862,937.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the transaction, the chief executive officer now owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last ninety days. 10.07% of the stock is owned by corporate insiders.

Marriott International Stock Down 0.3 %

MAR stock opened at $235.35 on Thursday. Marriott International, Inc. has a 52 week low of $165.13 and a 52 week high of $260.57. The company has a market cap of $67.22 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 4.44 and a beta of 1.61. The business has a 50-day simple moving average of $246.89 and a 200 day simple moving average of $229.50.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $2.09 earnings per share. On average, analysts anticipate that Marriott International, Inc. will post 9.5 EPS for the current fiscal year.

Marriott International Profile

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.