Marriott International (NASDAQ:MAR) PT Raised to $240.00

Marriott International (NASDAQ:MAR - Get Free Report) had its price target hoisted by investment analysts at BMO Capital Markets from $235.00 to $240.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' price objective would indicate a potential upside of 1.88% from the stock's previous close.

Other analysts also recently issued reports about the stock. Mizuho boosted their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a "neutral" rating in a research note on Thursday. Wells Fargo & Company increased their price objective 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. Truist Financial upped their target price on Marriott International from $233.00 to $263.00 and gave the company a "hold" rating in a report on Wednesday, February 14th. Robert W. Baird raised their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Argus upped their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $237.31.

Marriott International Stock Up 0.7 %

Shares of NASDAQ MAR traded up $1.70 during mid-day trading on Thursday, hitting $235.56. 1,413,241 shares of the company traded hands, compared to its average volume of 1,455,512. The business has a 50 day moving average of $247.74 and a two-hundred day moving average of $228.13. The stock has a market capitalization of $68.07 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 5.27 and a beta of 1.61. Marriott International has a 1 year low of $165.13 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Marriott International will post 9.46 EPS for the current year.

Insiders Place Their Bets

In other news, insider Satyajit Anand sold 2,749 shares of Marriott International stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the transaction, the insider now directly owns 24,478 shares in the company, valued at $6,166,742.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Marriott International news, insider Deborah Marriott Harrison sold 37,300 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $241.46, for a total value of $9,006,458.00. Following the sale, the insider now directly owns 9,100 shares in the company, valued at approximately $2,197,286. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Satyajit Anand sold 2,749 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now directly owns 24,478 shares of the company's stock, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 in the last quarter. Insiders own 12.32% of the company's stock.

Hedge Funds 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 acquired a new position in shares of Marriott International in the third quarter valued at $25,000. Roble Belko & Company Inc increased its holdings in Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company's stock valued at $26,000 after buying an additional 93 shares during the period. ORG Partners LLC raised its stake in shares of Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company's stock valued at $29,000 after buying an additional 53 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Marriott International during the 1st quarter valued at about $29,000. Finally, Keener Financial Planning LLC bought a new stake in Marriott International in the fourth quarter valued at about $30,000. 70.70% of the stock is currently owned by 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.