Marriott International (NASDAQ:MAR) Price Target Raised to $409.00

Marriott International (NASDAQ:MAR) had its target price hoisted by Barclays from $363.00 to $409.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on MAR. The Goldman Sachs Group reduced their target price on shares of Marriott International from $405.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. China Intl Cap upgraded shares of Marriott International to a “strong-buy” rating in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Marriott International in a research note on Friday, August 7th. Argus cut their price target on shares of Marriott International from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, Freedom Broker assumed coverage on Marriott International in a report on Wednesday, October 14th. They issued a “buy” rating and a $408.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $394.48.

Marriott International Stock Down 1.8%

NASDAQ MAR opened at $417.28 on Tuesday. The business’s fifty day moving average is $365.04 and its 200 day moving average is $357.63. Marriott International has a twelve month low of $279.87 and a twelve month high of $433.30. The company has a market cap of $107.45 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 3.14 and a beta of 1.15.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 2nd. The company reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.18. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the business posted $2.47 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts anticipate that Marriott International will post 12.10 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Marriott International news, insider David S. Marriott sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the completion of the sale, the insider directly owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Deborah Harrison sold 3,500 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $352.09, for a total value of $1,232,315.00. Following the sale, the insider owned 282,383 shares of the company’s stock, valued at $99,424,230.47. This trade represents a 1.22% decrease in their position. The SEC filing for this sale provides additional information. 11.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System raised its holdings in shares of Marriott International by 13.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,339 shares of the company’s stock valued at $4,744,000 after buying an additional 1,592 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Marriott International by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 4,479 shares of the company’s stock valued at $1,593,000 after buying an additional 50 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its holdings in shares of Marriott International by 3.8% during the third quarter. UNIVEST FINANCIAL Corp now owns 1,290 shares of the company’s stock worth $459,000 after purchasing an additional 47 shares during the period. NBH Bank lifted its holdings in Marriott International by 2.2% in the 3rd quarter. NBH Bank now owns 3,373 shares of the company’s stock worth $1,200,000 after buying an additional 73 shares during the period. Finally, Joel Isaacson & Co. LLC lifted its stake in Marriott International by 1.6% in the third quarter. Joel Isaacson & Co. LLC now owns 4,276 shares of the company’s stock worth $1,521,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Trending Headlines about Marriott International

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s board declared a quarterly cash dividend of $0.73 per share, offering shareholders a cash return. Marriott International Declares Quarterly Cash Dividend
• Positive Sentiment: The company opened its first property in Laos, a Luxury Collection resort in Luang Prabang, marking its 800th property in Asia Pacific excluding China and extending its regional footprint. Marriott debuts in Laos with new Luxury Collection property
• Positive Sentiment: Several analyst-related headlines pointed to further potential share-price gains, including forecasts from Robert W. Baird, Barclays and Goldman Sachs. Baird analyst outlook Barclays analyst outlook Goldman Sachs forecast
• Neutral Sentiment: Marriott recently beat quarterly earnings and revenue estimates, and its stock reached a 12-month high afterward. That strong run may have left shares vulnerable to some profit-taking. Marriott reaches a 12-month high following earnings beat
• Negative Sentiment: Freedom Broker downgraded Marriott from “strong-buy” to “hold,” a more cautious recommendation that could be a near-term headwind for the stock. Freedom Broker rating information

About Marriott International

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.