Analysts Set Marriott International, Inc. (NASDAQ:MAR) PT at $236.69

Shares of Marriott International, Inc. (NASDAQ:MAR) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $241.33.

Several brokerages recently issued reports on MAR. Argus lifted their price objective on Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. UBS Group upped their price objective on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. BMO Capital Markets lifted their price objective on Marriott International from $235.00 to $240.00 and gave the stock a “market perform” rating in a research report on Thursday. Mizuho upped their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Truist Financial lifted their price target on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $234.59 on Friday. Marriott International has a one year low of $165.13 and a one year high of $260.57. The firm has a market capitalization of $67.00 billion, a P/E ratio of 24.21, a PEG ratio of 5.24 and a beta of 1.61. The company’s fifty day moving average is $247.40 and its two-hundred day moving average is $228.39.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. Marriott International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. On average, sell-side analysts forecast that Marriott International will post 9.49 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 issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio is currently 21.47%.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 47,109 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the completion of the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Marriott International news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the transaction, the chief financial officer now directly owns 20,036 shares in the company, valued at approximately $4,862,937.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 directly owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock worth $30,435,493 in the last three months. 12.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently made changes to their positions in the company. McClarren Financial Advisors Inc. boosted its holdings in Marriott International by 26.5% in the first quarter. McClarren Financial Advisors Inc. now owns 253 shares of the company’s stock worth $64,000 after purchasing an additional 53 shares during the period. Paulson Wealth Management Inc. acquired a new position in shares of Marriott International in the 1st quarter valued at about $201,000. Csenge Advisory Group raised its stake in Marriott International by 3.3% during the first quarter. Csenge Advisory Group now owns 1,599 shares of the company’s stock worth $404,000 after acquiring an additional 51 shares during the period. Signaturefd LLC lifted its holdings in Marriott International by 9.3% in the first quarter. Signaturefd LLC now owns 6,433 shares of the company’s stock worth $1,623,000 after acquiring an additional 550 shares during the last quarter. Finally, Markel Group Inc. acquired a new position in Marriott International in the first quarter valued at approximately $2,271,000. 70.70% of the stock is currently 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.