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 research note issued to investors on Tuesday, Marketbeat Ratings reports. Evercore ISI currently has $330.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. TD Cowen decreased their price target 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. BMO Capital Markets increased their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research report on Tuesday, November 5th. Bank of America raised their target price on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group increased their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $276.35.

Marriott International Trading Up 3.6 %

Shares of NASDAQ:MAR opened at $302.95 on Tuesday. Marriott International has a 12-month low of $204.55 and a 12-month high of $304.13. The stock’s 50-day moving average price is $283.30 and its 200-day moving average price is $259.98. The stock has a market capitalization of $84.19 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 4.68 and a beta of 1.57.

Insider Transactions at Marriott International

In related news, insider William P. Brown sold 1,707 shares of the firm’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 transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on 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 owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,399 shares of company stock valued at $3,529,238 in the last ninety days. 10.07% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marriott International

Several institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC boosted its holdings in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Marriott International in the fourth quarter worth approximately $33,000. Silvant Capital Management LLC purchased a new stake in Marriott International during the 3rd quarter valued at $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International during the 3rd quarter valued at $33,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Marriott International in the fourth quarter worth $38,000. 70.70% of the stock is owned by hedge funds and other 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.