Marriott International (NASDAQ:MAR) Price Target Raised to $293.00

Marriott International (NASDAQ:MAR) had its price target raised by Mizuho from $246.00 to $293.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

MAR has been the subject of a number of other reports. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Truist Financial upped their target price on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $284.45.

Marriott International Stock Performance

NASDAQ:MAR opened at $283.52 on Wednesday. The firm has a 50-day simple moving average of $284.30 and a 200-day simple moving average of $262.26. Marriott International has a one year low of $204.55 and a one year high of $307.52. The firm has a market cap of $78.79 billion, a P/E ratio of 29.66, a P/E/G ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. On average, research analysts predict that Marriott International will post 9.26 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.89%. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the firm’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 sale, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott International

Several hedge funds have recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new position in Marriott International in the 4th quarter worth about $25,000. Bernard Wealth Management Corp. purchased a new stake in shares of Marriott International in the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc raised its stake in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after buying an additional 55 shares during the period. Sound Income Strategies LLC grew its stake in 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. Finally, Silvant Capital Management LLC purchased a new stake in Marriott International in the 3rd quarter worth $31,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

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.