Marriott International (NASDAQ:MAR) Given New $240.00 Price Target at Barclays

Marriott International (NASDAQ:MAR) had its price target lifted by Barclays from $239.00 to $240.00 in a research note published on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on MAR. 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. Mizuho initiated coverage on Marriott International in a research report on Tuesday, March 26th. They issued a neutral rating and a $263.00 price target for the company. Jefferies Financial Group lifted their price objective on shares of Marriott International from $205.00 to $227.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. BMO Capital Markets raised their price target on shares of Marriott International from $230.00 to $235.00 and gave the company a market perform rating in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company increased their price objective on shares of Marriott International from $234.00 to $250.00 and gave the company an equal weight rating in a research note on Monday, March 18th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $236.88.

Marriott International Trading Up 0.6 %

NASDAQ:MAR opened at $237.41 on Friday. Marriott International has a 12 month low of $162.77 and a 12 month high of $260.57. The stock has a market capitalization of $68.60 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.72 and a beta of 1.62. The firm has a fifty day simple moving average of $248.08 and a two-hundred day simple moving average of $226.17.

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

Marriott International Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International’s payout ratio is currently 20.41%.

Insider Activity at Marriott International

In other Marriott International news, insider Deborah Marriott Harrison sold 37,300 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $241.46, for a total value of $9,006,458.00. Following the completion of the transaction, the insider now owns 9,100 shares in the company, valued at approximately $2,197,286. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Rajeev Menon sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $241.70, for a total transaction of $1,450,200.00. Following the completion of the transaction, the insider now owns 5,232 shares of the company’s stock, valued at $1,264,574.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deborah Marriott Harrison sold 37,300 shares of Marriott International stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the sale, the insider now owns 9,100 shares of the company’s stock, valued at $2,197,286. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,003 shares of company stock worth $30,435,493. Corporate insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

A number of hedge funds have recently made changes to their positions in MAR. Caprock Group LLC raised its stake in shares of Marriott International by 255.1% during the fourth quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock worth $2,657,000 after acquiring an additional 8,463 shares in the last quarter. Cerity Partners LLC boosted its position in Marriott International by 86.8% during the fourth quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock valued at $10,138,000 after buying an additional 20,890 shares during the period. Impax Asset Management Group plc grew its stake in shares of Marriott International by 88.4% during the fourth quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after buying an additional 4,892 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Marriott International by 1,487.6% during the 4th quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after acquiring an additional 323,500 shares during the period. Finally, Vontobel Holding Ltd. grew its position in Marriott International by 14.7% during the 4th quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock worth $17,906,000 after acquiring an additional 10,197 shares during the last quarter. 70.70% of the stock is owned by institutional investors.

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.