Marriott International (NASDAQ:MAR) Price Target Raised to $301.00 at UBS Group

Marriott International (NASDAQ:MAR) had its target price hoisted by UBS Group from $294.00 to $301.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on the stock. Sanford C. Bernstein boosted their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Susquehanna increased their price target on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America boosted their price target on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $284.45.

Marriott International Price Performance

MAR stock opened at $290.45 on Wednesday. The stock has a market capitalization of $80.71 billion, a P/E ratio of 30.38, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The business has a 50-day moving average of $284.37 and a 200-day moving average of $261.87.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share 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%. Equities analysts expect that Marriott International will post 9.26 EPS for the current year.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Marriott International in the 4th quarter valued at $580,922,000. Wellington Management Group LLP raised 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 purchasing an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Marriott International during the fourth quarter worth about $165,162,000. PointState Capital LP acquired a new stake in Marriott International during the third quarter worth about $98,249,000. Finally, Proficio Capital Partners LLC raised its position in shares of Marriott International by 36,564.5% in the 4th quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock valued at $100,636,000 after buying an additional 359,795 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

About Marriott International

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.