Marriott International (NASDAQ:MAR) Given New $260.00 Price Target at Mizuho

Marriott International (NASDAQ:MAR) had its target price decreased by Mizuho from $263.00 to $260.00 in a research note released on Tuesday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company lifted their price objective on Marriott International from $234.00 to $250.00 and gave the stock an equal weight rating in a research report on Monday, March 18th. Barclays raised their target price on Marriott International from $239.00 to $240.00 and gave the company an equal weight rating in a research note on Friday, April 19th. UBS Group lifted their price objective on Marriott International from $210.00 to $259.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Jefferies Financial Group lifted their price objective on Marriott International from $205.00 to $227.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Finally, Robert W. Baird lowered their price objective on Marriott International from $250.00 to $248.00 and set a neutral rating for the company in a research note on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Marriott International has a consensus rating of Hold and a consensus target price of $236.69.

Marriott International Trading Down 0.9 %

Shares of Marriott International stock opened at $241.94 on Tuesday. The firm has a market capitalization of $69.91 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 5.44 and a beta of 1.62. Marriott International has a 12 month low of $162.77 and a 12 month high of $260.57. The business’s 50-day moving average price is $248.38 and its 200-day moving average price is $226.71.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $6.10 billion for 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. As a group, analysts predict that Marriott International will post 9.46 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is currently 20.41%.

Insider Buying and Selling

In related news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the completion of the sale, the executive vice president now owns 36,778 shares of the company’s stock, valued at $8,841,063.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock valued at $30,435,493 over the last 90 days. Company insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Several hedge funds have recently bought and sold shares of MAR. Mesirow Financial Investment Management Inc. purchased a new position in shares of Marriott International in the first quarter valued at about $1,050,000. Petredis Investment Advisors LLC lifted its position in shares of Marriott International by 2.1% in the first quarter. Petredis Investment Advisors LLC now owns 16,908 shares of the company’s stock valued at $4,266,000 after acquiring an additional 344 shares in the last quarter. Tritonpoint Wealth LLC lifted its position in shares of Marriott International by 29.2% in the first quarter. Tritonpoint Wealth LLC now owns 32,679 shares of the company’s stock valued at $8,245,000 after acquiring an additional 7,378 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Marriott International by 70.3% in the first quarter. Capital Investment Advisory Services LLC now owns 2,422 shares of the company’s stock valued at $611,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Marriott International by 3.9% in the first quarter. Aaron Wealth Advisors LLC now owns 2,684 shares of the company’s stock valued at $677,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.