Marriott International (NASDAQ:MAR) Price Target Cut to $277.00 by Analysts at Wells Fargo & Company

Marriott International (NASDAQ:MAR) had its price target decreased by equities research analysts at Wells Fargo & Company from $285.00 to $277.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 3.67% from the company’s previous close.

Other analysts have also issued reports about the company. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a report on Tuesday, February 4th. BMO Capital Markets boosted their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Truist Financial boosted their target price on Marriott International from $277.00 to $308.00 and gave the stock a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Robert W. Baird boosted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus target price of $284.05.

Marriott International Stock Performance

Shares of MAR opened at $287.56 on Tuesday. The stock has a 50 day moving average price of $283.98 and a two-hundred day moving average price of $264.13. The firm has a market capitalization of $79.28 billion, a P/E ratio of 34.56, a P/E/G ratio of 3.38 and a beta of 1.57. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data 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 negative return on equity of 116.67% and a net margin of 9.46%. On average, equities analysts forecast that Marriott International will post 10.1 earnings per share for the current year.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.07% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MAR. FMR LLC increased its stake in Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company’s stock valued at $1,945,299,000 after acquiring an additional 56,978 shares during the last quarter. Geode Capital Management LLC increased its stake in Marriott International by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock valued at $1,398,321,000 after acquiring an additional 60,458 shares during the last quarter. Capital International Investors increased its stake in Marriott International by 0.3% in the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock valued at $1,316,682,000 after acquiring an additional 15,923 shares during the last quarter. Wellington Management Group LLP increased its stake in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after acquiring an additional 1,570,144 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after acquiring an additional 512,963 shares during 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.