Marriott International, Inc. (NASDAQ:MAR) Receives $286.45 Average Price Target from Analysts

Shares of Marriott International, Inc. (NASDAQ:MAR) have been given an average recommendation of “Hold” by the twenty analysts that are presently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $286.05.

Several brokerages recently weighed in on MAR. The Goldman Sachs Group raised their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lifted their price target on shares of Marriott International from $289.00 to $298.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th.

Insiders Place Their Bets

In other news, insider William P. Brown sold 12,642 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $285.63, for a total value of $3,610,934.46. Following the sale, the insider now owns 30,919 shares in the company, valued at approximately $8,831,393.97. The trade was a 29.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $286.65, for a total transaction of $1,003,275.00. Following the completion of the sale, the executive vice president now owns 24,733 shares in the company, valued at $7,089,714.45. This represents a 12.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,694 shares of company stock worth $8,938,132 over the last 90 days. Corporate insiders own 12.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Marriott International during the 4th quarter worth about $580,922,000. Wellington Management Group LLP grew its position in shares of Marriott International by 50.8% in the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Marriott International in the 4th quarter valued at approximately $165,162,000. Invesco Ltd. boosted its position in Marriott International by 17.4% during the 4th quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after acquiring an additional 512,963 shares during the last quarter. Finally, PointState Capital LP acquired a new position in Marriott International during the 3rd quarter worth approximately $98,249,000. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Down 3.0 %

Shares of NASDAQ:MAR opened at $237.49 on Wednesday. The business has a fifty day simple moving average of $275.53 and a 200 day simple moving average of $269.81. Marriott International has a 1 year low of $204.55 and a 1 year high of $307.52. The firm has a market cap of $65.47 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. On average, sell-side analysts forecast that Marriott International will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Marriott International’s dividend payout ratio is currently 30.29%.

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, City Express by Marriott, and St.