Mizuho Lowers Marriott International (NASDAQ:MAR) Price Target to $260.00

Marriott International (NASDAQ:MAR) had its price target 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.

MAR has been the topic of several other reports. BMO Capital Markets lifted their price objective 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. Wells Fargo & Company lifted 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 report on Monday, March 18th. Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an equal weight rating in a research report on Friday, April 19th. UBS Group lifted 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. Finally, Robert W. Baird dropped their price target on shares of Marriott International from $250.00 to $248.00 and set a neutral rating on the stock in a research report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Marriott International presently has an average rating of Hold and a consensus price target of $236.69.

Marriott International Stock Performance

Marriott International stock opened at $240.84 on Tuesday. The firm’s 50-day moving average is $248.36 and its 200-day moving average is $227.03. Marriott International has a 1 year low of $162.77 and a 1 year high of $260.57. The company has a market cap of $69.60 billion, a P/E ratio of 23.63, a PEG ratio of 5.44 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.96 EPS. As a group, sell-side analysts predict that Marriott International will post 9.46 earnings per share for the current year.

Marriott International Announces Dividend

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

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the transaction, the chief executive officer now owns 93,323 shares of the company’s stock, valued at approximately $23,188,899.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David S. Marriott sold 2,878 shares of Marriott International stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total transaction of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares in the company, valued at $148,378,695.48. The disclosure for this sale can be found here. Insiders have sold 125,003 shares of company stock valued at $30,435,493 in the last quarter. 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 MAR. Arkadios Wealth Advisors boosted its holdings in shares of Marriott International by 17.1% during the third quarter. Arkadios Wealth Advisors now owns 1,592 shares of the company’s stock worth $313,000 after purchasing an additional 232 shares during the period. Capital Investment Advisors LLC lifted its stake in Marriott International by 0.9% in the third quarter. Capital Investment Advisors LLC now owns 5,989 shares of the company’s stock valued at $1,177,000 after acquiring an additional 52 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in Marriott International by 91.3% in the third quarter. Meridian Wealth Management LLC now owns 10,212 shares of the company’s stock valued at $2,007,000 after acquiring an additional 4,875 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Marriott International by 683.4% in the third quarter. Exchange Traded Concepts LLC now owns 9,988 shares of the company’s stock valued at $1,963,000 after acquiring an additional 8,713 shares during the last quarter. Finally, RDA Financial Network acquired a new stake in Marriott International in the third quarter valued at approximately $203,000. 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.