Marriott International (NASDAQ:MAR) PT Raised to $265.00 at Mizuho

Marriott International (NASDAQ:MAR) had its price objective raised by analysts at Mizuho from $260.00 to $265.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective indicates a potential upside of 12.96% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Robert W. Baird lowered their price objective on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. BMO Capital Markets boosted their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Wells Fargo & Company increased their price objective on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Truist Financial boosted their target price on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Finally, Barclays lifted 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. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $241.33.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $234.59 on Thursday. The company has a 50 day simple moving average of $247.74 and a 200 day simple moving average of $228.13. Marriott International has a 1 year low of $165.13 and a 1 year high of $260.57. The firm has a market cap of $67.00 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 5.24 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. As a group, research analysts anticipate that Marriott International will post 9.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Deborah Marriott Harrison sold 37,300 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the sale, the insider now directly owns 9,100 shares of the company’s stock, valued at $2,197,286. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Deborah Marriott Harrison sold 37,300 shares of Marriott International stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the transaction, the insider now owns 9,100 shares of the company’s stock, valued at $2,197,286. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Capuano sold 20,000 shares of the 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 of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,003 shares of company stock worth $30,435,493. Insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Marriott International during the 3rd quarter worth $25,000. Roble Belko & Company Inc boosted its stake in Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. ORG Partners LLC grew its position in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Marriott International during the 1st quarter worth approximately $29,000. Finally, Keener Financial Planning LLC purchased a new position in Marriott International in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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.