Marriott International (NASDAQ:MAR) Price Target Raised to $414.00

Marriott International (NASDAQ:MAR) had its price objective hoisted by Robert W. Baird from $395.00 to $414.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Wolfe Research initiated coverage on shares of Marriott International in a research report on Wednesday, September 2nd. They issued a “hold” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Marriott International in a research note on Friday, August 7th. Stifel Nicolaus set a $402.00 price objective on shares of Marriott International in a research report on Monday. China Intl Cap raised shares of Marriott International to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, Argus reduced their target price on shares of Marriott International from $445.00 to $425.00 and set a “buy” rating for the company in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $394.48.

Marriott International Stock Down 1.8%

NASDAQ:MAR opened at $417.28 on Tuesday. The stock’s 50 day moving average price is $365.04 and its 200 day moving average price is $357.63. The company has a market capitalization of $107.45 billion, a PE ratio of 41.64, a P/E/G ratio of 3.14 and a beta of 1.15. Marriott International has a 52-week low of $279.87 and a 52-week high of $433.30.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, November 2nd. The company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.84 by $0.18. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.93 billion. Marriott International had a negative return on equity of 69.94% and a net margin of 9.68%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 earnings per share. As a group, sell-side analysts anticipate that Marriott International will post 12.10 EPS for the current fiscal year.

Insider Transactions at Marriott International

In related news, insider Deborah Harrison sold 3,500 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the completion of the transaction, the insider directly owned 282,383 shares of the company’s stock, valued at $99,424,230.47. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David Marriott sold 3,500 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $352.09, for a total transaction of $1,232,315.00. Following the completion of the sale, the insider owned 282,383 shares of the company’s stock, valued at approximately $99,424,230.47. The trade was a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 11.43% of the company’s stock.

Institutional Trading of Marriott International

Several hedge funds have recently modified their holdings of MAR. Maryland State Retirement & Pension System increased its position in Marriott International by 13.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,339 shares of the company’s stock worth $4,744,000 after purchasing an additional 1,592 shares in the last quarter. Ritholtz Wealth Management lifted its position in Marriott International by 1.1% during the third quarter. Ritholtz Wealth Management now owns 4,479 shares of the company’s stock valued at $1,593,000 after buying an additional 50 shares in the last quarter. UNIVEST FINANCIAL Corp lifted its position in Marriott International by 3.8% during the third quarter. UNIVEST FINANCIAL Corp now owns 1,290 shares of the company’s stock valued at $459,000 after buying an additional 47 shares in the last quarter. NBH Bank grew its stake in Marriott International by 2.2% during the third quarter. NBH Bank now owns 3,373 shares of the company’s stock worth $1,200,000 after buying an additional 73 shares during the period. Finally, Joel Isaacson & Co. LLC grew its stake in Marriott International by 1.6% during the third quarter. Joel Isaacson & Co. LLC now owns 4,276 shares of the company’s stock worth $1,521,000 after buying an additional 68 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International News Roundup

Here are the key news stories impacting Marriott International this week:

• Positive Sentiment: Marriott’s board declared a quarterly cash dividend of $0.73 per share, offering shareholders a cash return. Marriott International Declares Quarterly Cash Dividend
• Positive Sentiment: The company opened its first property in Laos, a Luxury Collection resort in Luang Prabang, marking its 800th property in Asia Pacific excluding China and extending its regional footprint. Marriott debuts in Laos with new Luxury Collection property
• Positive Sentiment: Several analyst-related headlines pointed to further potential share-price gains, including forecasts from Robert W. Baird, Barclays and Goldman Sachs. Baird analyst outlook Barclays analyst outlook Goldman Sachs forecast
• Neutral Sentiment: Marriott recently beat quarterly earnings and revenue estimates, and its stock reached a 12-month high afterward. That strong run may have left shares vulnerable to some profit-taking. Marriott reaches a 12-month high following earnings beat
• Negative Sentiment: Freedom Broker downgraded Marriott from “strong-buy” to “hold,” a more cautious recommendation that could be a near-term headwind for the stock. Freedom Broker rating information

About Marriott International

Marriott International, Inc is a global hospitality company that develops, franchises, licenses and manages hotels, resorts, residences and other lodging properties. Its portfolio includes brands such as Marriott Hotels, Sheraton, Westin, W Hotels, The Ritz-Carlton, St. Regis, JW Marriott, Courtyard, Fairfield by Marriott, Residence Inn and Element. The company also operates Marriott Bonvoy, a travel loyalty program that provides members with benefits and rewards across participating properties and travel experiences.

Marriott traces its origins to 1927, when J.