Marriott International (NASDAQ:MAR) Price Target Raised to $283.00

Marriott International (NASDAQ:MAR) had its price target lifted by equities researchers at Stifel Nicolaus from $252.00 to $283.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential downside of 1.74% from the company’s current price.

A number of other analysts have also recently commented on MAR. Deutsche Bank Aktiengesellschaft lowered their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. UBS Group decreased their price objective on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Robert W. Baird increased their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Finally, TD Cowen decreased their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marriott International currently has an average rating of “Hold” and a consensus target price of $260.20.

Marriott International Trading Up 1.3 %

Shares of NASDAQ MAR opened at $288.00 on Tuesday. The stock has a market capitalization of $80.03 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 5.59 and a beta of 1.58. Marriott International has a 12-month low of $200.94 and a 12-month high of $289.63. The stock’s fifty day simple moving average is $262.99 and its two-hundred day simple moving average is $243.80.

Marriott International (NASDAQ:MAR) last announced its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 earnings per share. On average, equities analysts predict that Marriott International will post 9.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the completion of the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,815 shares of company stock worth $3,919,739. 10.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC boosted its holdings in Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock valued at $162,000 after acquiring an additional 47 shares during the period. SVB Wealth LLC boosted its stake in shares of Marriott International by 2.8% in the first quarter. SVB Wealth LLC now owns 1,891 shares of the company’s stock valued at $477,000 after purchasing an additional 52 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Marriott International by 1.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,396 shares of the company’s stock valued at $3,380,000 after purchasing an additional 186 shares in the last quarter. Hancock Whitney Corp lifted its holdings in Marriott International by 4.8% during the 1st quarter. Hancock Whitney Corp now owns 2,494 shares of the company’s stock worth $629,000 after buying an additional 114 shares in the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in Marriott International in the 1st quarter valued at approximately $44,000. 70.70% of the stock is currently 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.