Marriott International (NASDAQ:MAR) Price Target Cut to $267.00 by Analysts at Morgan Stanley

Marriott International (NASDAQ:MAR - Get Free Report) had its price objective reduced by research analysts at Morgan Stanley from $275.00 to $267.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 13.04% from the company's previous close.

MAR has been the subject of a number of other reports. Jefferies Financial Group decreased their target price on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Truist Financial lowered their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. The Goldman Sachs Group restated a "neutral" rating and issued a $245.00 price target (down previously from $313.00) on shares of Marriott International in a report on Monday, April 14th. Susquehanna increased their price objective on shares of Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective for the company in a research note on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Marriott International has a consensus rating of "Hold" and an average price target of $273.10.

Marriott International Stock Performance

MAR stock traded down $0.06 during midday trading on Tuesday, reaching $236.20. The company's stock had a trading volume of 1,989,799 shares, compared to its average volume of 1,578,669. The firm has a market capitalization of $65.18 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 3.42 and a beta of 1.42. Marriott International has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a fifty day simple moving average of $244.16 and a two-hundred day simple moving average of $267.41.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, analysts forecast that Marriott International will post 10.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 12,642 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,694 shares of company stock valued at $8,938,132. Insiders own 10.68% of the company's stock.

Institutional Investors Weigh In On Marriott International

Hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. boosted its stake in shares of Marriott International by 15.5% in the first quarter. Mather Group LLC. now owns 856 shares of the company's stock worth $204,000 after buying an additional 115 shares during the last quarter. Alta Advisers Ltd boosted its position in Marriott International by 39.9% in the 1st quarter. Alta Advisers Ltd now owns 1,052 shares of the company's stock worth $251,000 after purchasing an additional 300 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of Marriott International during the 1st quarter worth approximately $104,000. Valley National Advisers Inc. increased its holdings in shares of Marriott International by 1.4% during the 1st quarter. Valley National Advisers Inc. now owns 8,174 shares of the company's stock valued at $1,947,000 after purchasing an additional 115 shares in the last quarter. Finally, Kendall Capital Management boosted its holdings in Marriott International by 10.2% during the first quarter. Kendall Capital Management now owns 5,113 shares of the company's stock worth $1,218,000 after buying an additional 475 shares in the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

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.