Marriott International (NASDAQ:MAR) Upgraded at Wells Fargo & Company

Marriott International (NASDAQ:MAR) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also commented on the stock. Barclays upped their price objective on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Morgan Stanley reduced their price target on shares of Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. BMO Capital Markets raised their price objective on shares of Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 5th. Robert W. Baird cut their target price on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Finally, Truist Financial raised their target price on Marriott International from $273.00 to $278.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $289.87.

Marriott International Stock Performance

Marriott International stock opened at $284.20 on Monday. The firm has a market cap of $76.27 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.74 and a beta of 1.36. Marriott International has a 1 year low of $205.40 and a 1 year high of $307.52. The firm’s 50 day moving average price is $270.04 and its two-hundred day moving average price is $268.10.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, November 4th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $6.46 billion. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS. FY 2025 guidance at 9.980-10.060 EPS. As a group, equities analysts predict that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International declared that its Board of Directors has authorized a stock repurchase program on Thursday, August 7th that permits the company to repurchase 25,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Peggy Roe sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the sale, the executive vice president directly owned 17,466 shares of the company’s stock, valued at $5,102,167.92. The trade was a 10.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 6,666 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $280.04, for a total transaction of $1,866,746.64. Following the transaction, the insider owned 11,000 shares in the company, valued at approximately $3,080,440. This trade represents a 37.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 85,799 shares of company stock worth $24,911,376 over the last quarter. Insiders own 10.68% of the company’s stock.

Hedge Funds Weigh In On Marriott International

Several hedge funds have recently bought and sold shares of the business. Triumph Capital Management bought a new stake in shares of Marriott International during the 3rd quarter worth about $28,000. AlphaQuest LLC boosted its position in Marriott International by 2,750.0% during the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Addison Advisors LLC acquired a new position in Marriott International during the second quarter valued at approximately $34,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the second quarter valued at approximately $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Marriott International in the second quarter worth $38,000. 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.