Marriott International (NASDAQ:MAR) Earns Neutral Rating from Macquarie

Macquarie reiterated their neutral rating on shares of Marriott International (NASDAQ:MAR) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $245.00 price objective on the stock.

MAR has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Marriott International from $235.00 to $255.00 and gave the stock a neutral rating in a research note on Friday, July 19th. Robert W. Baird lowered their target price on Marriott International from $252.00 to $245.00 and set a neutral rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company decreased their price target on shares of Marriott International from $248.00 to $238.00 and set an equal weight rating on the stock in a research note on Thursday, August 1st. Susquehanna assumed coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a neutral rating and a $255.00 target price for the company. Finally, BMO Capital Markets raised their price target on Marriott International from $235.00 to $240.00 and gave the stock a market perform rating in a research note on Thursday, May 2nd. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $241.42.

Marriott International Trading Down 1.1 %

Shares of MAR stock opened at $211.35 on Friday. Marriott International has a 12-month low of $180.75 and a 12-month high of $260.57. The company has a market cap of $60.37 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 4.24 and a beta of 1.60. The stock has a 50 day simple moving average of $237.97 and a 200-day simple moving average of $242.00.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the prior year, the company posted $2.26 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that Marriott International will post 9.29 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 Monday, September 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. Marriott International’s payout ratio is currently 26.01%.

Hedge Funds Weigh In On Marriott International

A number of institutional investors have recently added to or reduced their stakes in the company. Roble Belko & Company Inc boosted its stake in Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. Bangor Savings Bank raised its stake in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Marriott International in the 2nd quarter worth approximately $26,000. Benjamin Edwards Inc. acquired a new position in shares of Marriott International during the first quarter valued at $29,000. Finally, MFA Wealth Advisors LLC acquired a new position in Marriott International during the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.