Marriott International, Inc. (NASDAQ:MAR) Receives $236.69 Consensus Target Price from Analysts

Marriott International, Inc. (NASDAQ:MAR) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $236.69.

Several research firms recently weighed in on MAR. BMO Capital Markets lifted their target price on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Argus lifted their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Robert W. Baird cut their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Truist Financial boosted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Finally, Jefferies Financial Group upped their target price on shares of Marriott International from $205.00 to $227.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd.

Marriott International Stock Down 1.8 %

Shares of NASDAQ MAR opened at $236.13 on Friday. Marriott International has a 52-week low of $165.13 and a 52-week high of $260.57. The firm has a fifty day moving average of $248.20 and a 200-day moving average of $228.04. The stock has a market capitalization of $68.23 billion, a PE ratio of 23.17, a P/E/G ratio of 5.37 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Equities research analysts expect that Marriott International will post 9.46 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 20.41%.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. In the last three months, insiders sold 125,003 shares of company stock valued at $30,435,493. Company insiders own 10.07% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Several hedge funds have recently made changes to their positions in the company. FMR LLC lifted its position in shares of Marriott International by 16.1% in the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after acquiring an additional 1,194,665 shares in the last quarter. Morgan Stanley increased its stake in Marriott International by 1.4% in the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after buying an additional 63,411 shares during the period. Jennison Associates LLC increased its stake in Marriott International by 34.8% in the 4th 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 period. Capital International Investors increased its stake in 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. Finally, Invesco Ltd. increased its stake in Marriott International by 1.8% in the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock valued at $537,529,000 after buying an additional 48,872 shares during the period. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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.