Marriott International (NASDAQ:MAR) Given New $265.00 Price Target at BMO Capital Markets

Marriott International (NASDAQ:MAR) had its price objective hoisted by BMO Capital Markets from $250.00 to $265.00 in a report issued on Wednesday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other analysts have also issued reports on MAR. Stifel Nicolaus decreased their target price on shares of Marriott International from $295.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Truist Financial cut their price objective on Marriott International from $308.00 to $300.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Susquehanna boosted their target price on shares of Marriott International from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective on the stock in a research note on Tuesday, February 4th. Finally, Argus raised their price objective on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Fourteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $272.75.

Marriott International Trading Down 0.5 %

Shares of NASDAQ:MAR opened at $257.97 on Wednesday. The business has a 50 day moving average of $237.89 and a two-hundred day moving average of $266.34. Marriott International has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market capitalization of $71.19 billion, a PE ratio of 31.01, a PEG ratio of 3.42 and a beta of 1.39.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.07. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the firm earned $2.13 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that Marriott International will post 10.1 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were paid a $0.63 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 0.98%. Marriott International’s dividend payout ratio (DPR) is 30.29%.

Insiders Place Their Bets

In related news, insider William P. Brown sold 12,642 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the sale, the insider now owns 30,919 shares of the company’s stock, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. Corporate insiders own 10.68% of the company’s stock.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently bought and sold shares of MAR. Norges Bank bought a new position in Marriott International in the 4th quarter worth $580,922,000. Wellington Management Group LLP boosted its position in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Marriott International by 23,923.3% in the first quarter. GAMMA Investing LLC now owns 731,989 shares of the company’s stock worth $174,360,000 after purchasing an additional 728,942 shares during the period. Raymond James Financial Inc. purchased a new position in Marriott International in the 4th quarter worth approximately $165,162,000. Finally, Invesco Ltd. increased its holdings in shares of Marriott International by 17.4% in the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock worth $967,662,000 after purchasing an additional 512,963 shares during the last quarter. 70.70% of the stock is owned by hedge funds and other institutional investors.

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, City Express by Marriott, and St.