Marriott International (NASDAQ:MAR) Price Target Cut to $300.00 by Analysts at Truist Financial

Marriott International (NASDAQ:MAR) had its target price lowered by Truist Financial from $308.00 to $300.00 in a report issued on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

MAR has been the subject of several other research reports. Jefferies Financial Group raised their target price on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. UBS Group upped their target price on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Barclays dropped their price target on shares of Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Susquehanna boosted their target price on Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $286.05.

Marriott International Stock Down 3.0 %

Shares of MAR opened at $237.49 on Friday. Marriott International has a 52-week low of $204.55 and a 52-week high of $307.52. The stock has a fifty day simple moving average of $275.53 and a two-hundred day simple moving average of $269.81. The company has a market capitalization of $65.47 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, equities analysts anticipate that Marriott International will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 1,054 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Wealth LLC increased its position in shares of Marriott International by 34.4% during the fourth quarter. NewEdge Wealth LLC now owns 4,345 shares of the company’s stock worth $1,212,000 after purchasing an additional 1,112 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Marriott International during the third quarter worth approximately $2,721,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Marriott International in the fourth quarter valued at approximately $2,990,000. Markel Group Inc. grew its position in shares of Marriott International by 30.6% during the fourth quarter. Markel Group Inc. now owns 47,000 shares of the company’s stock worth $13,110,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Covea Finance raised its position in Marriott International by 69.9% in the 4th quarter. Covea Finance now owns 60,540 shares of the company’s stock valued at $16,887,000 after purchasing an additional 24,900 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

About Marriott International

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.