Marriott International (NASDAQ:MAR) PT Lowered to $260.00 at Mizuho

Marriott International (NASDAQ:MAR) had its target price reduced by research analysts at Mizuho from $263.00 to $260.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 6.53% from the company’s previous close.

Several other research analysts have also weighed in on the stock. BMO Capital Markets increased their target price on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. UBS Group increased their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Wells Fargo & Company increased their price target on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Jefferies Financial Group raised their target price on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Finally, Robert W. Baird reduced their target price on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $236.69.

Marriott International Stock Up 1.8 %

Marriott International stock opened at $244.06 on Tuesday. Marriott International has a 52-week low of $162.77 and a 52-week high of $260.57. The firm has a market capitalization of $70.53 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.73 and a beta of 1.62. The company has a fifty day simple moving average of $248.35 and a 200-day simple moving average of $226.60.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business had revenue of $6.10 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts anticipate that Marriott International will post 9.46 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at $23,188,899.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marriott International news, insider Deborah Marriott Harrison sold 37,300 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the sale, the insider now directly owns 9,100 shares in the company, valued at $2,197,286. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 over the last quarter. Company insiders own 10.07% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Several institutional investors and hedge funds have recently added to or reduced their stakes in MAR. OFI Invest Asset Management acquired a new stake in shares of Marriott International in the third quarter valued at about $25,000. Roble Belko & Company Inc lifted its holdings in Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares during the last quarter. ORG Partners LLC lifted its holdings in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the last quarter. Keener Financial Planning LLC bought a new position in Marriott International during the 4th quarter worth approximately $30,000. Finally, Anchor Investment Management LLC bought a new position in Marriott International during the 4th quarter worth approximately $31,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.