Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Target Price at $261.35

Shares of Marriott International, Inc. (NASDAQ:MAR) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. Fourteen investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $263.70.

A number of equities research analysts have weighed in on MAR shares. Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research note on Tuesday, November 26th. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group upped their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a report on Tuesday. Truist Financial boosted their price target on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd.

Marriott International Stock Performance

MAR opened at $291.73 on Monday. The business’s 50-day simple moving average is $272.45 and its 200-day simple moving average is $247.74. The company has a market cap of $81.07 billion, a P/E ratio of 30.52, a PEG ratio of 5.76 and a beta of 1.58. Marriott International has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the business earned $2.11 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Marriott International will post 9.26 earnings per share for the current fiscal 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 given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.86%. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. This represents a 14.04 % 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 ninety days. Insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Several large investors have recently made changes to their positions in the business. Bangor Savings Bank lifted its stake in shares of Marriott International by 131.1% in the second 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. purchased a new position in shares of Marriott International during the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the second quarter worth approximately $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the 3rd quarter worth $31,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Marriott International during the third quarter worth about $33,000. Institutional investors and hedge funds 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, City Express by Marriott, and St.