Marriott International (NASDAQ:MAR) Price Target Raised to $285.00

Marriott International (NASDAQ:MAR) had its price target lifted by Wells Fargo & Company from $262.00 to $285.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also recently commented on MAR. TD Cowen cut their target price on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho increased their target price on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets lifted their target price on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird raised their price target on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $276.35.

Marriott International Trading Up 3.6 %

MAR stock opened at $302.95 on Tuesday. The stock has a market cap of $84.19 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57. The stock has a 50-day moving average price of $283.30 and a two-hundred day moving average price of $259.98. Marriott International has a 1 year low of $204.55 and a 1 year high of $304.13.

Insider Activity

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,399 shares of company stock valued at $3,529,238. 10.07% of the stock is owned by insiders.

Institutional Trading of Marriott International

Several large investors have recently modified their holdings of the stock. Lindbrook Capital LLC grew its stake in Marriott International by 2.4% during the fourth quarter. Lindbrook Capital LLC now owns 2,138 shares of the company’s stock worth $596,000 after buying an additional 50 shares in the last quarter. Raymond James Financial Inc. bought a new position in Marriott International in the fourth quarter valued at approximately $165,162,000. Cullen Frost Bankers Inc. lifted its stake in Marriott International by 3.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 45,068 shares of the company’s stock worth $12,571,000 after purchasing an additional 1,569 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Marriott International by 2.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,258 shares of the company’s stock valued at $1,467,000 after purchasing an additional 136 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of Marriott International by 31.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,293 shares of the company’s stock worth $361,000 after buying an additional 309 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

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.