Marriott International’s (MAR) Neutral Rating Reiterated at Macquarie

Macquarie reaffirmed their neutral rating on shares of Marriott International (NASDAQ:MAR) in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a $245.00 target price on the stock.

A number of other research firms have also commented on MAR. Truist Financial reduced their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird boosted their target price on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley dropped their price target on Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Bank of America raised their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Sanford C. Bernstein raised shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $247.00 to $262.00 in a report on Thursday, August 29th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Marriott International presently has a consensus rating of “Hold” and a consensus target price of $259.00.

Marriott International Stock Performance

NASDAQ:MAR opened at $277.68 on Tuesday. The business’s fifty day moving average is $249.39 and its 200 day moving average is $239.69. The firm has a market cap of $78.17 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 6.21 and a beta of 1.58. Marriott International has a 52-week low of $192.04 and a 52-week high of $278.50.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 207.04%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 earnings per share. Equities analysts predict that Marriott International will post 9.27 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. Marriott International’s dividend payout ratio is 26.36%.

Insider Activity at Marriott International

In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marriott International

Large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its stake in shares of Marriott International by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,698 shares of the company’s stock valued at $2,162,000 after purchasing an additional 38 shares in the last quarter. Haverford Trust Co grew its holdings in shares of Marriott International by 1.0% during the 3rd quarter. Haverford Trust Co now owns 4,207 shares of the company’s stock worth $1,046,000 after acquiring an additional 40 shares during the period. Rockland Trust Co. lifted its stake in shares of Marriott International by 2.3% in the 2nd quarter. Rockland Trust Co. now owns 1,802 shares of the company’s stock valued at $436,000 after purchasing an additional 41 shares during the period. Park Avenue Securities LLC grew its stake in Marriott International by 1.4% in the second quarter. Park Avenue Securities LLC now owns 3,298 shares of the company’s stock worth $797,000 after purchasing an additional 46 shares during the period. Finally, SeaCrest Wealth Management LLC raised its holdings in Marriott International by 1.5% in the second quarter. SeaCrest Wealth Management LLC now owns 3,075 shares of the company’s stock worth $743,000 after purchasing an additional 46 shares in the last quarter. 70.70% of the stock is currently owned by 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.