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

Marriott International (NASDAQ:MAR) had its target price dropped by research analysts at Mizuho from $263.00 to $260.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential upside of 9.52% from the company’s previous close.

Several other equities analysts have also commented on MAR. BMO Capital Markets increased their price objective on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Barclays boosted their target price on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group increased their target price on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Robert W. Baird cut their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Finally, Wells Fargo & Company raised their price target on Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $236.69.

Marriott International Trading Up 0.6 %

Shares of MAR opened at $237.41 on Tuesday. The business’s 50 day moving average is $248.08 and its 200 day moving average is $226.17. Marriott International has a 12-month low of $162.77 and a 12-month high of $260.57. The company has a market capitalization of $68.60 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62.

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

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now owns 93,323 shares in the company, valued at $23,188,899.04. 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 the stock in a transaction dated Thursday, February 15th. The shares were 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 directly owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 over the last ninety days. 10.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marriott International

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Marriott International by 14.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 115,805 shares of the company’s stock valued at $29,219,000 after purchasing an additional 14,278 shares during the last quarter. Sapient Capital LLC increased its position in Marriott International by 0.4% during the 1st quarter. Sapient Capital LLC now owns 64,123 shares of the company’s stock valued at $16,179,000 after buying an additional 225 shares in the last quarter. Nilsine Partners LLC raised its stake in Marriott International by 10.3% in the first quarter. Nilsine Partners LLC now owns 2,331 shares of the company’s stock valued at $588,000 after buying an additional 218 shares during the last quarter. HF Advisory Group LLC grew its stake in shares of Marriott International by 4.4% during the first quarter. HF Advisory Group LLC now owns 6,344 shares of the company’s stock worth $1,601,000 after acquiring an additional 267 shares during the last quarter. Finally, PFG Investments LLC acquired a new position in shares of Marriott International during the first quarter valued at about $435,000. 70.70% of the stock is currently 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.