Marriott International (NASDAQ:MAR) Receives New Coverage from Analysts at Mizuho

Equities research analysts at Mizuho initiated coverage on shares of Marriott International (NASDAQ:MAR) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $263.00 price target on the stock. Mizuho’s price objective indicates a potential upside of 3.72% from the company’s previous close.

Several other research firms have also recently issued reports on MAR. UBS Group lifted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Robert W. Baird reduced their price target on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Barclays boosted their price target on shares of Marriott International from $234.00 to $239.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. Argus boosted their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Truist Financial boosted their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $236.81.

Marriott International Trading Up 0.5 %

NASDAQ MAR opened at $253.56 on Tuesday. Marriott International has a 12 month low of $155.80 and a 12 month high of $256.53. The stock has a market cap of $75.71 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.83 and a beta of 1.62. The company’s 50 day moving average is $245.29 and its two-hundred day moving average is $219.31.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.45. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. Sell-side analysts forecast that Marriott International will post 9.47 EPS for the current year.

Insider Transactions at Marriott International

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 shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider David S. Marriott sold 2,878 shares of Marriott International stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total value of $716,449.32. Following the sale, the insider now owns 596,042 shares of the company’s stock, valued at approximately $148,378,695.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on 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 sale, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 in the last 90 days. 12.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC purchased a new position in Marriott International in the 4th quarter valued at $923,000. PNC Financial Services Group Inc. lifted its holdings in Marriott International by 6.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 194,825 shares of the company’s stock valued at $43,935,000 after purchasing an additional 11,672 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Marriott International by 4,268.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 28,524 shares of the company’s stock valued at $6,432,000 after purchasing an additional 27,871 shares in the last quarter. Accent Capital Management LLC purchased a new position in Marriott International in the 4th quarter valued at $135,000. Finally, Cape ANN Savings Bank lifted its holdings in Marriott International by 12.5% in the 4th quarter. Cape ANN Savings Bank now owns 6,114 shares of the company’s stock valued at $1,466,000 after purchasing an additional 677 shares in the last quarter. Institutional investors and hedge funds 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.