Marriott International (NASDAQ:MAR) PT Lowered to $155.00

Marriott International (NASDAQ:MAR – Get Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $164.00 to $155.00 in a research report report published on Wednesday morning, The Fly reports.

Several other research analysts also recently issued reports on MAR. Evercore ISI upgraded shares of Marriott International from an in-line rating to an outperform rating and dropped their price objective for the stock from $180.00 to $165.00 in a report on Monday, July 11th. Stifel Nicolaus upped their target price on shares of Marriott International from $150.00 to $161.00 in a research note on Tuesday. TheStreet cut shares of Marriott International from a b- rating to a c+ rating in a research note on Thursday, June 30th. Barclays upped their target price on shares of Marriott International from $164.00 to $170.00 in a research note on Wednesday. Finally, Cowen lowered their target price on shares of Marriott International to $170.00 in a research note on Friday, July 22nd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International has a consensus rating of Hold and a consensus price target of $175.83.

Marriott International Stock Down 1.2 %

Marriott International stock opened at $157.01 on Wednesday. The firm has a fifty day moving average price of $151.40 and a two-hundred day moving average price of $162.78. Marriott International has a fifty-two week low of $127.58 and a fifty-two week high of $195.90. The company has a debt-to-equity ratio of 4.64, a current ratio of 0.45 and a quick ratio of 0.53. The firm has a market cap of $50.96 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 0.58 and a beta of 1.62.

Marriott International (NASDAQ:MAR – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.25. Marriott International had a net margin of 9.72% and a return on equity of 120.01%. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue was up 69.5% compared to the same quarter last year. As a group, analysts forecast that Marriott International will post 6.54 earnings per share for the current year.

Insider Buying and Selling at Marriott International

In other news, Director Debra L. Lee sold 2,145 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $171.30, for a total transaction of $367,438.50. Following the transaction, the director now directly owns 1,224 shares in the company, valued at $209,671.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.21% of the company’s stock.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Marriott International by 2.5% during the first quarter. Vanguard Group Inc. now owns 21,483,503 shares of the company’s stock worth $3,775,727,000 after purchasing an additional 527,427 shares in the last quarter. BlackRock Inc. lifted its holdings in Marriott International by 0.8% in the first quarter. BlackRock Inc. now owns 15,956,130 shares of the company’s stock valued at $2,804,289,000 after buying an additional 123,001 shares during the period. State Street Corp lifted its holdings in Marriott International by 5.3% in the fourth quarter. State Street Corp now owns 12,139,062 shares of the company’s stock valued at $2,005,859,000 after buying an additional 609,192 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Marriott International by 16.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,570,396 shares of the company’s stock valued at $1,330,497,000 after buying an additional 1,076,070 shares during the period. Finally, Capital World Investors lifted its holdings in Marriott International by 0.6% in the fourth quarter. Capital World Investors now owns 5,535,829 shares of the company’s stock valued at $914,740,000 after buying an additional 32,934 shares during the period. 59.86% of the stock is currently owned by institutional investors and hedge funds.

About Marriott International

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Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.