Marriott International (NASDAQ:MAR) Price Target Raised to $285.00

Marriott International (NASDAQ:MAR) had its price objective hoisted by Susquehanna from $255.00 to $285.00 in a report released on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Robert W. Baird raised their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Argus lifted their target price on Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Bank of America upped their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective on the stock in a report on Tuesday, February 4th. Finally, Sanford C. Bernstein raised their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International presently has a consensus rating of “Hold” and a consensus price target of $284.45.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $283.52 on Wednesday. Marriott International has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market cap of $78.79 billion, a P/E ratio of 29.66, a PEG ratio of 4.88 and a beta of 1.57. The stock has a fifty day moving average price of $284.30 and a two-hundred day moving average price of $262.26.

Marriott International (NASDAQ:MAR) last released its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, research analysts predict that Marriott International will post 9.26 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, February 27th. Marriott International’s payout ratio is presently 26.36%.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Several large investors have recently made changes to their positions in MAR. Hopwood Financial Services Inc. bought a new stake in Marriott International during the fourth quarter worth approximately $25,000. Bernard Wealth Management Corp. bought a new stake in shares of Marriott International during the 4th quarter worth $25,000. Bell Investment Advisors Inc raised its holdings in Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 55 shares during the period. Sound Income Strategies LLC lifted its position in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Marriott International in the fourth quarter valued at about $33,000. 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, City Express by Marriott, and St.