Marriott International (NASDAQ:MAR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Marriott International (NASDAQ:MAR) had its target price raised by research analysts at Wells Fargo & Company from $262.00 to $285.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 2.53% from the company’s current price.

Other analysts have also recently issued research reports about the company. Truist Financial upped their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. BMO Capital Markets upped their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and set a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. Finally, Barclays raised their target price on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $276.35.

Marriott International Stock Performance

NASDAQ MAR opened at $292.39 on Tuesday. The stock has a 50-day moving average of $283.16 and a 200 day moving average of $259.75. The company has a market capitalization of $81.25 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 4.68 and a beta of 1.57. Marriott International has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion during 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 company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 EPS. On average, equities analysts predict that Marriott International will post 9.26 earnings per share for the current fiscal year.

Insider Transactions at Marriott International

In other news, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now owns 108,361 shares in the company, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,399 shares of company stock valued at $3,529,238. 10.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marriott International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in Marriott International by 494.4% in the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the period. Silvant Capital Management LLC bought a new stake in Marriott International during the 3rd quarter valued at about $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter valued at about $33,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Marriott International during the fourth quarter worth approximately $33,000. Finally, ORG Partners LLC boosted its holdings in shares of Marriott International by 158.5% in the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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, City Express by Marriott, and St.