Marriott International (NASDAQ:MAR) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Marriott International (NASDAQ:MAR - Get Free Report) in a research report issued on Monday,Benzinga reports. The brokerage set a "neutral" rating and a $284.00 price target on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 9.15% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of Marriott International from a "hold" rating to a "buy" rating and boosted their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Mizuho dropped their target price on Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Truist Financial reduced their price target on Marriott International from $300.00 to $273.00 and set a "hold" rating for the company in a research report on Friday, May 30th. Robert W. Baird raised their price objective on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets boosted their target price on shares of Marriott International from $250.00 to $265.00 and gave the stock a "market perform" rating in a report on Wednesday, May 7th. Thirteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $275.90.

Marriott International Trading Up 1.0%

Shares of MAR opened at $260.19 on Monday. The firm has a fifty day moving average price of $252.89 and a 200-day moving average price of $263.49. The firm has a market capitalization of $71.27 billion, a P/E ratio of 29.63, a P/E/G ratio of 3.21 and a beta of 1.42. Marriott International has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.75% and a negative return on equity of 100.64%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the company posted $2.13 earnings per share. The company's quarterly revenue was up 4.8% compared to the same quarter last year. Analysts predict that Marriott International will post 10.1 earnings per share for the current year.

Insider Buying and Selling at Marriott International

In other news, CEO Anthony Capuano sold 12,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $263.90, for a total transaction of $3,166,800.00. Following the sale, the chief executive officer now directly owns 124,067 shares in the company, valued at $32,741,281.30. This trade represents a 8.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $270.21, for a total value of $270,210.00. Following the completion of the transaction, the executive vice president now directly owns 20,724 shares of the company's stock, valued at $5,599,832.04. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. 10.68% of the stock is owned by corporate insiders.

Institutional Trading of Marriott International

A number of institutional investors and hedge funds have recently made changes to their positions in MAR. Harold Davidson & Associates Inc. grew its stake in Marriott International by 0.4% in the 1st quarter. Harold Davidson & Associates Inc. now owns 11,186 shares of the company's stock valued at $2,665,000 after acquiring an additional 49 shares during the period. Modern Wealth Management LLC grew its position in shares of Marriott International by 107.6% in the first quarter. Modern Wealth Management LLC now owns 1,646 shares of the company's stock valued at $392,000 after purchasing an additional 853 shares during the period. Strs Ohio purchased a new stake in shares of Marriott International during the first quarter worth about $18,020,000. Jacobi Capital Management LLC raised its position in shares of Marriott International by 1.2% during the 1st quarter. Jacobi Capital Management LLC now owns 3,798 shares of the company's stock worth $905,000 after purchasing an additional 45 shares during the last quarter. Finally, McAdam LLC lifted its stake in Marriott International by 16.1% in the 1st quarter. McAdam LLC now owns 1,675 shares of the company's stock valued at $399,000 after buying an additional 232 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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, City Express by Marriott, and St.

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