Marriott International (NASDAQ:MAR) PT Lowered to $260.00

Marriott International (NASDAQ:MAR) had its target price decreased by investment analysts at Mizuho from $263.00 to $260.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 6.53% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. UBS Group boosted 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. Truist Financial boosted their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Barclays boosted their price target 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. Finally, Wells Fargo & Company upped their price objective on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $236.69.

Marriott International Trading Up 1.8 %

Shares of NASDAQ:MAR opened at $244.06 on Tuesday. The stock’s 50-day moving average price is $248.35 and its two-hundred day moving average price is $226.60. Marriott International has a 12-month low of $162.77 and a 12-month high of $260.57. The firm has a market cap of $70.53 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.73 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. As a group, research analysts forecast that Marriott International will post 9.46 earnings per share for the current fiscal year.

Insider Activity at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,563 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares in the company, valued at approximately $8,841,063.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of the company’s 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 transaction, the executive vice president now directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock worth $30,435,493 in the last 90 days. 10.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marriott International

A number of hedge funds have recently modified their holdings of MAR. Caprock Group LLC increased its holdings in Marriott International by 255.1% during the 4th quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after purchasing an additional 8,463 shares in the last quarter. Cerity Partners LLC increased its holdings in Marriott International by 86.8% during the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after purchasing an additional 20,890 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Marriott International by 88.4% during the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after purchasing an additional 4,892 shares in the last quarter. International Assets Investment Management LLC boosted its position in Marriott International by 1,487.6% in the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after buying an additional 323,500 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in Marriott International by 14.7% in the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock valued at $17,906,000 after buying an additional 10,197 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Company 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.