Marriott International, Inc. (NASDAQ:MAR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Marriott International, Inc. (NASDAQ:MARGet Free Report) have been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $241.33.

MAR has been the subject of a number of recent analyst reports. Argus upped their target price on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. UBS Group upped their target price on Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Truist Financial upped their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Mizuho upped their price target on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company reduced their price target on Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd.

Check Out Our Latest Stock Report on Marriott International

Insider Transactions at Marriott International

In related news, insider David S. Marriott sold 2,878 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total transaction of $716,449.32. Following the completion of the sale, the insider now directly owns 596,042 shares of the company’s stock, valued at approximately $148,378,695.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Eric Hippeau sold 1,400 shares of the business’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 completion of the transaction, the director now directly owns 72 shares of the company’s stock, valued at approximately $18,085.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David S. Marriott sold 2,878 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $248.94, for a total value of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,027 shares of company stock worth $1,760,671. 10.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Manchester Capital Management LLC grew its stake in Marriott International by 2.3% during the 4th quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares during the last quarter. Moody National Bank Trust Division grew its stake in Marriott International by 1.2% during the 1st quarter. Moody National Bank Trust Division now owns 3,673 shares of the company’s stock valued at $927,000 after purchasing an additional 42 shares during the last quarter. Kathmere Capital Management LLC grew its stake in Marriott International by 1.2% during the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock valued at $908,000 after purchasing an additional 42 shares during the last quarter. Grove Bank & Trust grew its stake in Marriott International by 3.4% during the 4th quarter. Grove Bank & Trust now owns 1,307 shares of the company’s stock valued at $295,000 after purchasing an additional 43 shares during the last quarter. Finally, Argus Investors Counsel Inc. boosted its stake in shares of Marriott International by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 7,731 shares of the company’s stock worth $1,743,000 after buying an additional 45 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Price Performance

Shares of MAR opened at $236.16 on Thursday. The firm has a market cap of $67.45 billion, a P/E ratio of 24.37, a P/E/G ratio of 4.53 and a beta of 1.61. The stock has a 50 day simple moving average of $244.40 and a two-hundred day simple moving average of $233.02. Marriott International has a 1 year low of $165.13 and a 1 year high of $260.57.

Marriott International (NASDAQ:MARGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is currently 21.47%.

Marriott International Company Profile

(Get Free Report

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.

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Analyst Recommendations for Marriott International (NASDAQ:MAR)

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