Marriott International (NASDAQ:MAR) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Marriott International (NASDAQ:MAR) from an in-line rating to an outperform rating in a report published on Tuesday morning, Marketbeat.com reports. Evercore ISI currently has $330.00 price objective on the stock.

A number of other research analysts also recently issued reports on the company. Sanford C. Bernstein boosted their price objective on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird increased their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. TD Cowen dropped their target price on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. BMO Capital Markets raised their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their target price on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $276.35.

Marriott International Stock Performance

NASDAQ MAR opened at $302.95 on Tuesday. The business’s fifty day moving average is $283.30 and its 200 day moving average is $259.98. The company has a market capitalization 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. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $304.13.

Insider Buying and Selling

In related news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,399 shares of company stock worth $3,529,238. Corporate insiders own 10.07% of the company’s stock.

Hedge Funds Weigh In On Marriott International

Hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its stake in shares of Marriott International by 10.8% during the third quarter. Larson Financial Group LLC now owns 379 shares of the company’s stock valued at $94,000 after acquiring an additional 37 shares in the last quarter. TFG Advisers LLC raised its position in Marriott International by 0.8% during the 4th quarter. TFG Advisers LLC now owns 4,426 shares of the company’s stock valued at $1,235,000 after purchasing an additional 37 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock worth $2,162,000 after buying an additional 38 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Marriott International by 1.2% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,290 shares of the company’s stock valued at $918,000 after acquiring an additional 38 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its stake in Marriott International by 1.1% in the fourth quarter. Evermay Wealth Management LLC now owns 3,415 shares of the company’s stock worth $953,000 after acquiring an additional 38 shares during the period. Institutional investors own 70.70% of the company’s stock.

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.