Marriott International (NASDAQ:MAR) PT Raised to $240.00

Marriott International (NASDAQ:MAR) had its price objective raised by Barclays from $239.00 to $240.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company raised their price objective on shares of Marriott International from $234.00 to $250.00 and gave the stock an equal weight rating in a report on Monday, March 18th. Truist Financial boosted their price objective on Marriott International from $233.00 to $263.00 and gave the company a hold rating in a report on Wednesday, February 14th. Jefferies Financial Group lifted their target price on Marriott International from $205.00 to $227.00 and gave the stock a hold rating in a research report on Tuesday, January 2nd. BMO Capital Markets increased their target price on shares of Marriott International from $230.00 to $235.00 and gave the stock a market perform rating in a report on Wednesday, February 14th. Finally, UBS Group boosted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $236.88.

Marriott International Stock Up 0.6 %

Shares of MAR stock opened at $237.41 on Friday. The firm’s 50 day moving average price is $248.08 and its two-hundred day moving average price is $226.17. Marriott International has a fifty-two week low of $162.77 and a fifty-two week high of $260.57. The stock has a market cap of $68.60 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62.

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

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a 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 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 transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marriott International news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the transaction, the director now directly owns 72 shares in the company, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total value 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 sold a total of 125,003 shares of company stock valued at $30,435,493 over the last ninety days. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Several institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after acquiring an additional 1,194,665 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Marriott International by 1.4% during the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after buying an additional 63,411 shares during the last quarter. Jennison Associates LLC increased its holdings in Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after buying an additional 1,173,028 shares during the last quarter. Capital International Investors raised its holdings in Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after buying an additional 934,304 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Marriott International by 1.8% in the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after purchasing an additional 48,872 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.