Wells Fargo & Company Cuts Marriott International (NASDAQ:MAR) Price Target to $425.00

Marriott International (NASDAQ:MAR) had its price target trimmed by Wells Fargo & Company from $449.00 to $425.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

MAR has been the topic of a number of other reports. Truist Financial upped their target price on Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a research note on Tuesday, May 26th. UBS Group boosted their price objective on Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Mizuho upped their price objective on shares of Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Sanford C. Bernstein set a $412.00 target price on shares of Marriott International in a research report on Monday, June 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Marriott International in a research note on Monday, May 11th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $386.65.

Marriott International Price Performance

Marriott International stock opened at $359.67 on Tuesday. The business has a fifty day moving average price of $377.49 and a 200-day moving average price of $355.25. The firm has a market capitalization of $93.79 billion, a P/E ratio of 37.27, a PEG ratio of 2.80 and a beta of 1.10. Marriott International has a one year low of $256.49 and a one year high of $410.98.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 3rd. The company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the business earned $2.65 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. Sell-side analysts expect that Marriott International will post 11.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the transaction, the executive vice president directly owned 19,827 shares in the company, valued at $7,168,650.12. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently added to or reduced their stakes in MAR. Frederick Financial Consultants LLC increased its holdings in Marriott International by 0.8% in the fourth quarter. Frederick Financial Consultants LLC now owns 3,531 shares of the company’s stock valued at $1,095,000 after buying an additional 28 shares during the last quarter. World Equity Group Inc. raised its position in shares of Marriott International by 2.0% during the 2nd quarter. World Equity Group Inc. now owns 1,437 shares of the company’s stock valued at $533,000 after acquiring an additional 28 shares in the last quarter. Haven Capital Group Inc. lifted its stake in Marriott International by 0.3% during the first quarter. Haven Capital Group Inc. now owns 10,064 shares of the company’s stock worth $3,292,000 after purchasing an additional 30 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Marriott International by 1.2% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,472 shares of the company’s stock valued at $808,000 after purchasing an additional 30 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Marriott International by 34.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 120 shares of the company’s stock valued at $37,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

About Marriott International

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.