Marriott International (NASDAQ:MAR) Price Target Raised to $250.00

Marriott International (NASDAQ:MAR) had its target price increased by Robert W. Baird from $248.00 to $250.00 in a report published on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on the company. Wells Fargo & Company raised their price target on Marriott International from $234.00 to $250.00 and gave the stock an equal weight rating in a research note on Monday, March 18th. Truist Financial upped their price target on shares of Marriott International from $233.00 to $263.00 and gave the company a hold rating in a research report on Wednesday, February 14th. Argus lifted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a buy rating in a research note on Tuesday, March 19th. Mizuho raised their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a neutral rating in a research note on Thursday. Finally, UBS Group raised their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $241.33.

Marriott International Price Performance

Shares of MAR traded down $0.97 during mid-day trading on Thursday, reaching $234.59. The stock had a trading volume of 1,572,856 shares, compared to its average volume of 1,539,790. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 5.24 and a beta of 1.61. The business’s fifty day moving average is $247.40 and its 200 day moving average is $228.39. Marriott International has a 52-week low of $165.13 and a 52-week high of $260.57.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same quarter last year, the firm earned $2.09 EPS. The business’s revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Marriott International will post 9.49 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 21.47%.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Anthony Capuano sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David S. Marriott sold 2,878 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total value of $716,449.32. Following the completion of the transaction, the insider now owns 596,042 shares of the company’s stock, valued at approximately $148,378,695.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,003 shares of company stock valued at $30,435,493. Insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Several institutional investors have recently made changes to their positions in the company. Parnassus Investments LLC bought a new position in Marriott International during the third quarter worth $481,621,000. Norges Bank acquired a new position in Marriott International in the fourth quarter worth $461,525,000. FMR LLC grew its holdings in shares of Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after purchasing an additional 1,194,665 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after buying an additional 1,173,028 shares during the last quarter. Finally, Capital International Investors increased its stake in shares of Marriott International by 42.2% in the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after buying an additional 934,304 shares during the period. 70.70% of the stock is currently 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.