Cullen Frost Bankers Inc. Acquires 5,003 Shares of Marriott International, Inc. (NASDAQ:MAR)

Cullen Frost Bankers Inc. boosted its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,708 shares of the company's stock after acquiring an additional 5,003 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Marriott International were worth $5,797,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in Marriott International during the 3rd quarter worth approximately $25,000. ORG Partners LLC grew its stake in Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company's stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in Marriott International during the fourth quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new stake in shares of Marriott International in the 4th quarter worth approximately $31,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Marriott International in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 70.70% of the company's stock.

Insider Buying and Selling

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of Marriott International stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,003 shares of company stock valued at $30,435,493. Corporate insiders own 10.07% of the company's stock.

Marriott International Trading Up 0.9 %

MAR stock traded up $2.19 during mid-day trading on Thursday, reaching $237.54. 1,229,711 shares of the stock traded hands, compared to its average volume of 1,440,916. The stock's fifty day moving average is $246.62 and its 200-day moving average is $229.54. The company has a market cap of $67.85 billion, a P/E ratio of 24.51, a P/E/G ratio of 4.44 and a beta of 1.61. Marriott International, Inc. has a 52-week low of $165.13 and a 52-week high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period in the prior year, the business posted $2.09 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts expect that Marriott International, Inc. will post 9.5 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on MAR shares. BMO Capital Markets increased their price objective 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. Robert W. Baird raised their target price 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. Barclays upped their price target on shares of Marriott International from $239.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, April 19th. Mizuho boosted their target price on Marriott International from $260.00 to $265.00 and gave the stock a "neutral" rating in a report on Thursday, May 2nd. Finally, UBS Group increased their price target on Marriott International from $210.00 to $259.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Marriott International has an average rating of "Hold" and a consensus price target of $241.33.

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.