Marriott International (NASDAQ:MAR) PT Lowered to $248.00

Marriott International (NASDAQ:MAR) had its price objective decreased by Wells Fargo & Company from $250.00 to $248.00 in a research note released on Thursday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms also recently weighed in on MAR. Mizuho boosted their target price on Marriott International from $260.00 to $265.00 and gave the company a neutral rating in a research report on Thursday. Robert W. Baird raised their target price on shares of Marriott International from $248.00 to $250.00 and gave the stock a neutral rating in a report on Thursday. BMO Capital Markets upped their price target on shares of Marriott International from $235.00 to $240.00 and gave the company a market perform rating in a report on Thursday. Truist Financial boosted their target price on Marriott International from $233.00 to $263.00 and gave the company a hold rating in a research report on Wednesday, February 14th. Finally, Argus increased their price target on Marriott International from $270.00 to $280.00 and gave the stock a buy rating in a report on Tuesday, March 19th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $241.33.

Marriott International Price Performance

Shares of NASDAQ MAR traded down $0.97 during midday trading on Thursday, reaching $234.59. 1,572,856 shares of the stock traded hands, compared to its average volume of 1,539,790. The company’s 50 day moving average is $247.40 and its 200 day moving average is $228.39. Marriott International has a one year low of $165.13 and a one year high of $260.57. The stock has a market capitalization of $67.00 billion, a PE ratio of 24.21, a P/E/G ratio of 5.21 and a beta of 1.61.

Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. As a group, equities analysts forecast that Marriott International will post 9.5 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 21.47%.

Insider Buying and Selling at Marriott International

In other news, insider Satyajit Anand sold 2,749 shares of the company’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 value of $692,555.57. Following the completion of the sale, the insider now owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Satyajit Anand sold 2,749 shares of Marriott International 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 transaction, the insider now directly owns 24,478 shares in the company, valued at approximately $6,166,742.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total value of $351,666.00. Following the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. Company insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. McClarren Financial Advisors Inc. increased its position in shares of Marriott International by 26.5% during the first quarter. McClarren Financial Advisors Inc. now owns 253 shares of the company’s stock worth $64,000 after purchasing an additional 53 shares in the last quarter. Paulson Wealth Management Inc. purchased a new position in Marriott International during the 1st quarter worth $201,000. Csenge Advisory Group increased its position in Marriott International by 3.3% during the 1st quarter. Csenge Advisory Group now owns 1,599 shares of the company’s stock valued at $404,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC boosted its holdings in Marriott International by 9.3% in the first quarter. Signaturefd LLC now owns 6,433 shares of the company’s stock worth $1,623,000 after acquiring an additional 550 shares in the last quarter. Finally, Markel Group Inc. purchased a new stake in shares of Marriott International during the first quarter worth about $2,271,000. Hedge funds and other institutional investors 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.