Marriott International, Inc. (NASDAQ:MAR) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 106.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,090 shares of the company’s stock after buying an additional 2,620 shares during the period. Apollon Wealth Management LLC’s holdings in Marriott International were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MAR. FMR LLC lifted its stake in shares of Marriott International by 16.1% in the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares during the period. Morgan Stanley boosted its stake in Marriott International by 1.4% during the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after purchasing an additional 63,411 shares in the last quarter. Jennison Associates LLC increased its position in shares of Marriott International by 34.8% during the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after purchasing an additional 1,173,028 shares during the period. Invesco Ltd. lifted its holdings in shares of Marriott International by 1.8% in the third quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock valued at $537,529,000 after buying an additional 48,872 shares during the period. Finally, Northern Trust Corp boosted its stake in Marriott International by 0.5% during the third quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock valued at $483,862,000 after buying an additional 12,901 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Activity at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total value of $11,433,825.39. Following the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at approximately $4,862,937.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. 10.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MAR has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on shares of Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets raised their target price on shares of Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. UBS Group increased their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Barclays lifted their target price on Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Finally, Argus increased their price target 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 equities research 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 presently has a consensus rating of “Hold” and a consensus target price of $241.33.

Marriott International Stock Performance

Marriott International stock opened at $235.35 on Thursday. The firm’s 50 day moving average price is $246.89 and its two-hundred day moving average price is $229.50. The firm has a market cap of $67.22 billion, a PE ratio of 24.29, a P/E/G ratio of 4.44 and a beta of 1.61. Marriott International, Inc. has a twelve month low of $165.13 and a twelve month high of $260.57.

Marriott International (NASDAQ:MAR) last released 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). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same period in the previous year, the business posted $2.09 EPS. Marriott International’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts anticipate that Marriott International, Inc. will post 9.5 EPS for the current fiscal year.

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