Wells Fargo & Company Has Lowered Expectations for Marriott International (NASDAQ:MAR) Stock Price

Marriott International (NASDAQ:MAR) had its price objective lowered by investment analysts at Wells Fargo & Company from $285.00 to $277.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential downside of 1.60% from the company’s current price.

Several other research firms have also commented on MAR. Barclays lowered their price target 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, February 12th. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective on the stock in a research note on Tuesday, February 4th. UBS Group upped their price objective on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Stifel Nicolaus upped their price objective on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Finally, Macquarie reissued a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $284.05.

Marriott International Price Performance

MAR stock opened at $281.51 on Tuesday. The company’s 50 day simple moving average is $284.05 and its 200-day simple moving average is $263.44. The firm has a market capitalization of $78.23 billion, a PE ratio of 29.51, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. As a group, sell-side analysts anticipate that Marriott International will post 9.26 earnings per share for the current year.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marriott International

Institutional investors and hedge funds have recently made changes to their positions in the business. Jensen Investment Management Inc. purchased a new position in shares of Marriott International during the 3rd quarter valued at approximately $793,000. BayBridge Capital Group LLC acquired a new stake in shares of Marriott International during the 3rd quarter valued at approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Marriott International during the 3rd quarter valued at approximately $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new stake in shares of Marriott International during the 3rd quarter valued at approximately $3,769,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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.