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

Marriott International (NASDAQ:MAR) had its target price upped by BMO Capital Markets from $235.00 to $240.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other research analysts have also commented on MAR. Truist Financial lifted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the company a hold rating in a research note on Wednesday, February 14th. Barclays increased their price target on Marriott International from $239.00 to $240.00 and gave the stock an equal weight rating in a report on Friday, April 19th. Argus upped their price objective on shares of 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 boosted their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Finally, Mizuho lifted their price objective on Marriott International from $260.00 to $265.00 and gave the company a neutral rating in a report on Thursday. 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 company presently has an average rating of Hold and an average target price of $241.33.

Marriott International Price Performance

MAR opened at $234.59 on Thursday. The firm has a market capitalization of $67.00 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 4.44 and a beta of 1.61. The company’s 50 day simple moving average is $247.40 and its two-hundred day simple moving average is $228.85. Marriott International has a 1-year low of $165.13 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International will post 9.5 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.52 per share. 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 payout ratio is currently 21.47%.

Insider Activity

In other news, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the completion of the transaction, the insider now directly owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Satyajit Anand sold 2,749 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the transaction, the executive vice president now owns 36,778 shares of the company’s stock, valued at $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 over the last ninety days. 12.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marriott International

A number of hedge funds have recently made changes to their positions in MAR. OFI Invest Asset Management acquired a new position in shares of Marriott International during the 3rd quarter valued at $25,000. Roble Belko & Company Inc lifted its stake in shares of Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. ORG Partners LLC boosted its position in shares of Marriott International by 72.6% in the fourth quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after buying an additional 53 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Marriott International in the first quarter valued at about $29,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of Marriott International during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

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.