Barclays Cuts Marriott International (NASDAQ:MAR) Price Target to $236.00

Marriott International (NASDAQ:MAR) had its target price decreased by Barclays from $283.00 to $236.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other analysts have also recently issued reports about the stock. UBS Group upped their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna raised their price target on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Jefferies Financial Group decreased their price objective on Marriott International from $295.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Truist Financial reduced their target price on Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Stifel Nicolaus lowered their price target on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. Fourteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and a consensus target price of $273.10.

Marriott International Stock Performance

MAR opened at $236.26 on Tuesday. The firm has a market cap of $65.20 billion, a P/E ratio of 28.40, a PEG ratio of 3.42 and a beta of 1.42. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The firm has a 50-day moving average of $245.20 and a 200 day moving average of $267.51.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities research analysts predict that Marriott International will post 10.1 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were given a dividend of $0.63 per share. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a yield of 1.07%. Marriott International’s payout ratio is currently 30.29%.

Insider Buying and Selling at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the completion of the sale, the insider now directly owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. 10.68% of the stock is currently owned by company insiders.

Institutional Trading of Marriott International

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Marriott International by 0.8% in the 4th quarter. FMR LLC now owns 6,973,897 shares of the company’s stock valued at $1,945,299,000 after purchasing an additional 56,978 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Marriott International by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock valued at $1,398,321,000 after buying an additional 60,458 shares in the last quarter. Capital International Investors increased its stake in shares of Marriott International by 0.3% in the 4th quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock worth $1,316,682,000 after acquiring an additional 15,923 shares in the last quarter. Wellington Management Group LLP lifted its position in Marriott International by 50.8% during 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 acquiring an additional 1,570,144 shares during the period. Finally, Invesco Ltd. grew its holdings in Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after purchasing an additional 512,963 shares during the period. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

About Marriott International

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.