Marriott International (NASDAQ:MAR) Hits New 12-Month High – Should You Buy?

Marriott International, Inc. (NASDAQ:MAR)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $287.00 and last traded at $286.48, with a volume of 577592 shares. The stock had previously closed at $285.91.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho boosted their price target on Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group dropped their price objective on Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. TD Cowen cut their price objective on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird upped their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Macquarie restated a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research report on Tuesday, November 5th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $259.00.

Marriott International Trading Up 0.0 %

The company has a market cap of $79.48 billion, a PE ratio of 29.91, a P/E/G ratio of 6.15 and a beta of 1.58. The company’s 50 day moving average is $252.26 and its 200 day moving average is $240.54.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the business posted $2.11 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Analysts expect that Marriott International, Inc. will post 9.27 EPS for the current year.

Marriott International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.88%. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Activity at Marriott International

In related news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Marriott International news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares of the company’s stock, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Felitia Lee sold 916 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the completion of the transaction, the chief accounting officer now directly owns 5,609 shares of the company’s stock, valued at approximately $1,550,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quent Capital LLC boosted its position in Marriott International by 7.9% during the 1st quarter. Quent Capital LLC now owns 644 shares of the company’s stock worth $162,000 after acquiring an additional 47 shares during the last quarter. QRG Capital Management Inc. increased its holdings in Marriott International by 4.6% in the 1st quarter. QRG Capital Management Inc. now owns 26,396 shares of the company’s stock valued at $6,660,000 after acquiring an additional 1,155 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Marriott International by 81.2% in the first quarter. Russell Investments Group Ltd. now owns 70,594 shares of the company’s stock worth $17,816,000 after acquiring an additional 31,629 shares in the last quarter. US Bancorp DE grew its position in Marriott International by 1.7% during the 1st quarter. US Bancorp DE now owns 91,355 shares of the company’s stock worth $23,050,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Marriott International by 37.7% in the first quarter. Avantax Advisory Services Inc. now owns 11,775 shares of the company’s stock valued at $2,971,000 after purchasing an additional 3,221 shares during the period. Hedge funds and other 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, City Express by Marriott, and St.