Truist Financial Lowers Marriott International (NASDAQ:MAR) Price Target to $300.00

Marriott International (NASDAQ:MAR) had its price target reduced by investment analysts at Truist Financial from $308.00 to $300.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 26.32% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Susquehanna lifted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lifted their target price on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, UBS Group raised their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International has a consensus rating of “Hold” and a consensus price target of $286.05.

Marriott International Stock Down 3.0 %

Shares of MAR opened at $237.49 on Friday. The stock has a market cap of $65.47 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 3.42 and a beta of 1.58. Marriott International has a 12 month low of $204.55 and a 12 month high of $307.52. The company has a 50-day moving average price of $275.53 and a two-hundred day moving average price of $270.08.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts expect that Marriott International will post 10.1 EPS for the current fiscal year.

Insider Activity

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now directly owns 14,282 shares of the company’s stock, valued at $3,971,395.74. The trade was a 50.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now directly owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,694 shares of company stock valued at $8,938,132 in the last quarter. Company insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

A number of institutional investors and hedge funds have recently modified their holdings of MAR. FMR LLC grew its stake in Marriott International by 0.8% in the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock valued at $1,945,299,000 after buying an additional 56,978 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock worth $1,398,321,000 after acquiring an additional 60,458 shares during the period. Capital International Investors lifted its stake in Marriott International by 0.3% in the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock valued at $1,316,682,000 after purchasing an additional 15,923 shares during the last quarter. Wellington Management Group LLP lifted its stake in Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Marriott International by 17.4% in the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after purchasing an additional 512,963 shares during the last quarter. 70.70% of the stock is 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, City Express by Marriott, and St.