Truist Financial Issues Positive Forecast for Marriott International (NASDAQ:MAR) Stock Price

Marriott International (NASDAQ:MAR) had its target price raised by Truist Financial from $277.00 to $308.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also commented on MAR. Argus boosted their price objective on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their price target on shares of Marriott International from $262.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Barclays lowered their price objective on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Jefferies Financial Group upped their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group raised their price objective on Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Marriott International has an average rating of “Hold” and a consensus price target of $284.45.

Marriott International Trading Up 0.9 %

Marriott International stock opened at $290.45 on Wednesday. The firm’s 50 day simple moving average is $284.37 and its 200 day simple moving average is $261.87. Marriott International has a 1-year low of $204.55 and a 1-year high of $307.52. The firm has a market capitalization of $80.71 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Research analysts forecast that Marriott International will post 9.26 earnings per share for the current year.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 12.32% of the company’s stock.

Hedge Funds Weigh In On Marriott International

Institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its position in Marriott International by 126.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock valued at $242,000 after buying an additional 542 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Marriott International by 276.3% during the third quarter. Wesbanco Bank Inc. now owns 18,643 shares of the company’s stock valued at $4,635,000 after acquiring an additional 13,689 shares in the last quarter. Creative Planning raised its position in shares of Marriott International by 4.1% in the 3rd quarter. Creative Planning now owns 97,322 shares of the company’s stock worth $24,194,000 after purchasing an additional 3,840 shares during the last quarter. Occidental Asset Management LLC bought a new position in Marriott International in the 3rd quarter worth about $201,000. Finally, Swedbank AB increased its stake in Marriott International by 6.1% during the 3rd quarter. Swedbank AB now owns 63,386 shares of the company’s stock valued at $15,758,000 after purchasing an additional 3,635 shares in the last quarter. 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.