Evercore ISI upgraded shares of Marriott International (NASDAQ:MAR – Free Report) from an in-line rating to an outperform rating in a report published on Tuesday morning, MarketBeat Ratings reports. Evercore ISI currently has $330.00 target price on the stock.
Other research analysts have also issued research reports about the company. Barclays upped their price objective on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Sanford C. Bernstein raised their price objective on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group upped their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Bank of America raised their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Marriott International presently has a consensus rating of “Hold” and an average target price of $276.35.
View Our Latest Stock Analysis on MAR
Marriott International Stock Performance
Marriott International (NASDAQ:MAR – Get Free Report) last announced 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). The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 EPS. As a group, equities analysts predict that Marriott International will post 9.26 earnings per share for the current year.
Marriott International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.87%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.
Insider Buying and Selling at Marriott International
In other news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Felitia Lee sold 916 shares of Marriott International 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 in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,315 shares of company stock worth $3,782,494 in the last 90 days. 10.07% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC raised its stake in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Marriott International in the fourth quarter valued at about $33,000. Silvant Capital Management LLC acquired a new position in shares of Marriott International during the third quarter worth about $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the third quarter valued at about $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Marriott International during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.
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.
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