Marriott International (NASDAQ:MAR) PT Raised to $250.00 at Robert W. Baird

Marriott International (NASDAQ:MAR) had its target price upped by Robert W. Baird from $248.00 to $250.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 6.57% from the stock’s previous close.

Several other research firms have also recently weighed in on MAR. Barclays lifted their price objective on Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, April 19th. UBS Group increased their price objective 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 upped their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Argus boosted their price target on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Truist Financial increased their price objective on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $241.33.

Marriott International Stock Down 0.4 %

MAR stock traded down $0.97 during midday trading on Thursday, reaching $234.59. The stock had a trading volume of 1,572,856 shares, compared to its average volume of 1,539,790. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 5.24 and a beta of 1.61. Marriott International has a twelve month low of $165.13 and a twelve month high of $260.57. The business has a fifty day simple moving average of $247.40 and a two-hundred day simple moving average of $228.39.

Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.09 EPS. On average, equities analysts predict that Marriott International will post 9.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Eric Hippeau sold 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David S. Marriott sold 2,878 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total transaction of $716,449.32. Following the completion of the sale, the insider now owns 596,042 shares in the company, valued at approximately $148,378,695.48. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 over the last three months. Corporate insiders own 12.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Marriott International in the 3rd quarter worth about $25,000. Roble Belko & Company Inc grew its stake in shares of Marriott International by 845.5% in the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares during the period. ORG Partners LLC raised its holdings in shares of Marriott International by 72.6% during the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. Benjamin Edwards Inc. bought a new position in Marriott International during the first quarter valued at approximately $29,000. Finally, Keener Financial Planning LLC bought a new stake in Marriott International in the 4th quarter worth approximately $30,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

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.