Marriott International (NASDAQ:MAR) Price Target Lowered to $299.00 at UBS Group

Marriott International (NASDAQ:MAR - Get Free Report) had its price target decreased by research analysts at UBS Group from $302.00 to $299.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 13.27% from the company's current price.

A number of other research analysts also recently issued reports on the stock. Susquehanna lifted their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Barclays dropped their target price on Marriott International from $283.00 to $236.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley decreased their price target on Marriott International from $275.00 to $267.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Evercore ISI upgraded Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a report on Tuesday, February 4th. Finally, Jefferies Financial Group raised Marriott International from a "hold" rating to a "buy" rating and upped their price target for the company from $226.00 to $303.00 in a report on Monday, May 12th. Thirteen investment 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's stock. According to MarketBeat, Marriott International has an average rating of "Moderate Buy" and a consensus target price of $276.50.

Marriott International Stock Down 1.3%

NASDAQ:MAR traded down $3.36 on Wednesday, reaching $263.98. The company's stock had a trading volume of 237,148 shares, compared to its average volume of 1,873,849. The stock has a 50 day moving average price of $240.35 and a 200 day moving average price of $266.89. The firm has a market cap of $72.30 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 3.42 and a beta of 1.39. 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 quarterly earnings data on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.25 by $0.07. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 EPS. Equities research analysts expect that Marriott International will post 10.1 EPS for the current fiscal year.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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 in the company, valued at approximately $5,599,832.04. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the transaction, the executive vice president now directly owns 24,733 shares of the company's stock, valued at approximately $7,089,714.45. The trade was a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,694 shares of company stock worth $9,208,342. Corporate insiders own 10.68% of the company's stock.

Institutional Trading of Marriott International

Institutional investors have recently added to or reduced their stakes in the stock. Merit Financial Group LLC raised its position in shares of Marriott International by 145.3% during the 4th quarter. Merit Financial Group LLC now owns 4,197 shares of the company's stock valued at $1,171,000 after acquiring an additional 2,486 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Marriott International by 229.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 3,129 shares of the company's stock worth $873,000 after buying an additional 2,179 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Marriott International by 2.3% in the 4th quarter. Ballentine Partners LLC now owns 5,170 shares of the company's stock valued at $1,442,000 after buying an additional 114 shares during the period. Crossmark Global Holdings Inc. raised its stake in Marriott International by 2.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 25,786 shares of the company's stock worth $7,193,000 after acquiring an additional 614 shares during the period. Finally, Perpetual Ltd bought a new position in Marriott International in the fourth quarter worth about $212,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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, City Express by Marriott, and St.

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