Marriott International (NASDAQ:MAR) PT Raised to $270.00

Marriott International (NASDAQ:MAR) had its target price hoisted by Evercore ISI from $245.00 to $270.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

A number of other analysts have also recently commented on MAR. Truist Financial cut their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Robert W. Baird set a $258.00 price objective on Marriott International in a report on Thursday, October 17th. UBS Group cut their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group initiated coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a “buy” rating and a $267.00 price objective on the stock. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $256.39.

Marriott International Stock Performance

NASDAQ:MAR opened at $260.63 on Monday. Marriott International has a 1 year low of $180.75 and a 1 year high of $266.58. The stock has a market cap of $74.44 billion, a P/E ratio of 26.90, a P/E/G ratio of 6.15 and a beta of 1.59. The stock has a 50-day simple moving average of $241.75 and a 200-day simple moving average of $238.66.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $2.26 earnings per share. On average, equities research analysts predict that Marriott International will post 9.37 EPS for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 0.97%. Marriott International’s dividend payout ratio is currently 26.01%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its stake in shares of Marriott International by 26.2% during the first quarter. Park Avenue Securities LLC now owns 3,252 shares of the company’s stock valued at $820,000 after buying an additional 676 shares during the period. Parkside Investments LLC acquired a new stake in shares of Marriott International during the first quarter worth $505,000. Brookstone Capital Management increased its stake in Marriott International by 131.8% in the first quarter. Brookstone Capital Management now owns 2,633 shares of the company’s stock valued at $664,000 after purchasing an additional 1,497 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Marriott International by 113.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,998 shares of the company’s stock worth $9,839,000 after buying an additional 20,696 shares during the period. Finally, Kathmere Capital Management LLC grew its holdings in Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds 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.