Robert W. Baird Boosts Marriott International (NASDAQ:MAR) Price Target to $250.00

Marriott International (NASDAQ:MAR) had its target price increased by Robert W. Baird from $248.00 to $250.00 in a research note published on Thursday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other analysts have also weighed in on MAR. Mizuho increased their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a neutral rating in a report on Thursday. UBS Group lifted their price objective on Marriott International from $210.00 to $259.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Barclays upped their target price on Marriott International from $239.00 to $240.00 and gave the company an equal weight rating in a report on Friday, April 19th. Argus boosted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a buy rating in a research report on Tuesday, March 19th. Finally, Truist Financial raised their target price on shares of Marriott International from $233.00 to $263.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has an average rating of Hold and an average target price of $241.33.

Marriott International Price Performance

MAR opened at $234.59 on Thursday. The stock’s 50 day simple moving average is $247.40 and its 200 day simple moving average is $228.85. The firm has a market cap of $67.00 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 4.44 and a beta of 1.61. Marriott International has a 1 year low of $165.13 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Marriott International will post 9.5 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International’s dividend payout ratio is currently 21.47%.

Insider Transactions at Marriott International

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 transaction, the director now owns 72 shares in the company, valued at $18,085.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the transaction, the chief executive officer now owns 93,323 shares in the company, valued at approximately $23,188,899.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. Insiders sold a total of 125,003 shares of company stock valued at $30,435,493 in the last quarter. 10.07% of the stock is owned by insiders.

Institutional Investors Weigh In On Marriott International

Large investors have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC grew its position in Marriott International by 2.3% during the fourth quarter. Manchester Capital Management LLC now owns 1,841 shares of the company’s stock valued at $415,000 after buying an additional 42 shares during the period. Moody National Bank Trust Division grew its position in shares of 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 acquiring an additional 42 shares during the period. Kathmere Capital Management LLC raised its holdings in Marriott International by 1.2% in the 1st quarter. Kathmere Capital Management LLC now owns 3,599 shares of the company’s stock worth $908,000 after purchasing an additional 42 shares during the period. Grove Bank & Trust grew its holdings in Marriott International by 3.4% during the fourth 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 period. Finally, Argus Investors Counsel Inc. increased its position in 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 in the last quarter. Institutional investors 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.