Marriott International, Inc. (NASDAQ:MAR) Receives $236.69 Consensus PT from Analysts

Marriott International, Inc. (NASDAQ:MAR) has earned an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $236.69.

A number of brokerages have weighed in on MAR. Wells Fargo & Company boosted their target price on shares of Marriott International from $234.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Jefferies Financial Group boosted their price target on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. BMO Capital Markets boosted their price target on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. UBS Group boosted their price target on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Argus boosted their price target on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th.

Insider Activity

In other news, Director Eric Hippeau sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now owns 72 shares in the company, valued at $18,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now owns 72 shares in the company, valued at $18,085.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Drew Pinto sold 1,404 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $242.87, for a total transaction of $340,989.48. Following the transaction, the executive vice president now owns 5,996 shares of the company’s stock, valued at approximately $1,456,248.52. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 over the last quarter. 10.07% of the stock is currently owned by company insiders.

Institutional Trading of Marriott International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its position in Marriott International by 16.1% during the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after acquiring an additional 1,194,665 shares in the last quarter. Morgan Stanley raised its position in Marriott International by 1.4% during the third quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock worth $926,000,000 after acquiring an additional 63,411 shares in the last quarter. Jennison Associates LLC raised its position in Marriott International by 34.8% during the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. Capital International Investors raised its position in Marriott International by 42.2% during the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after acquiring an additional 934,304 shares in the last quarter. Finally, Invesco Ltd. raised its position in Marriott International by 1.8% during the third quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock worth $537,529,000 after acquiring an additional 48,872 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Down 1.8 %

Shares of NASDAQ MAR opened at $236.13 on Friday. Marriott International has a 1-year low of $165.13 and a 1-year high of $260.57. The company has a market cap of $68.23 billion, a PE ratio of 23.17, a P/E/G ratio of 5.37 and a beta of 1.62. The company has a 50-day moving average of $248.20 and a two-hundred day moving average of $228.04.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Marriott International will post 9.46 earnings per share for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is presently 20.41%.

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.