Marriott International (NASDAQ:MAR) Price Target Raised to $265.00

Marriott International (NASDAQ:MAR) had its price objective boosted by BMO Capital Markets from $255.00 to $265.00 in a research note issued to investors on Tuesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other brokerages have also commented on MAR. Morgan Stanley decreased their target price on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Evercore ISI lifted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their target price on shares of Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group began coverage on shares of Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective on the stock. Finally, Truist Financial reduced their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott International currently has an average rating of “Hold” and a consensus target price of $259.00.

Marriott International Stock Up 0.5 %

NASDAQ MAR opened at $277.68 on Tuesday. The company has a market capitalization of $78.17 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 6.21 and a beta of 1.58. Marriott International has a twelve month low of $192.04 and a twelve month high of $278.50. The stock has a fifty day simple moving average of $249.39 and a 200 day simple moving average of $239.69.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 207.04% and a net margin of 11.18%. Marriott International’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 earnings per share. Research analysts expect that Marriott International will post 9.27 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s payout ratio is 26.36%.

Insider Activity at Marriott International

In other news, EVP Benjamin T. Breland sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott International

A number of hedge funds and other institutional investors have recently made changes to their positions in MAR. Bangor Savings Bank grew its holdings in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Marriott International during the 2nd quarter worth $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International in the 2nd quarter worth about $28,000. Silvant Capital Management LLC purchased a new stake in Marriott International during the third quarter valued at about $31,000. Finally, Unique Wealth Strategies LLC bought a new position in Marriott International during the second quarter worth about $35,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

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.