Marriott International (NASDAQ:MAR) Price Target Raised to $283.00

Marriott International (NASDAQ:MAR) had its target price upped by Stifel Nicolaus from $252.00 to $283.00 in a report published on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. TD Cowen dropped their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Bank of America lifted their target price on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays increased their price target on Marriott International from $240.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Truist Financial decreased their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $260.20.

Marriott International Price Performance

Shares of NASDAQ MAR opened at $288.18 on Tuesday. The company has a market cap of $80.08 billion, a P/E ratio of 30.14, a PEG ratio of 5.59 and a beta of 1.58. The firm has a 50-day simple moving average of $264.04 and a two-hundred day simple moving average of $244.14. Marriott International has a 1 year low of $200.94 and a 1 year high of $289.80.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the company earned $2.11 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Marriott International will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. Marriott International’s payout ratio is 26.36%.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares in the company, valued at $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,815 shares of company stock worth $3,919,739 in the last three months. Corporate insiders own 10.07% of the company’s stock.

Institutional Trading of Marriott International

Several hedge funds and other institutional investors have recently bought and sold shares of MAR. Bangor Savings Bank increased its holdings in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Marriott International during the 2nd quarter worth about $26,000. MFA Wealth Advisors LLC purchased a new position in shares of Marriott International in the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter worth about $31,000. Finally, Darwin Wealth Management LLC purchased a new stake in Marriott International during the 3rd quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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.