Marriott International (NASDAQ:MAR) Given New $269.00 Price Target at JPMorgan Chase & Co.

Marriott International (NASDAQ:MAR) had its target price raised by JPMorgan Chase & Co. from $251.00 to $269.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein lifted their price target 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. Truist Financial raised their target price on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th. Finally, Stifel Nicolaus boosted 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. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Marriott International currently has a consensus rating of “Hold” and an average target price of $266.25.

Marriott International Price Performance

Marriott International stock opened at $287.08 on Friday. The firm has a market cap of $79.78 billion, a P/E ratio of 30.03, a P/E/G ratio of 5.56 and a beta of 1.58. The stock’s 50 day moving average is $274.76 and its 200 day moving average is $248.69. Marriott International has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.11 earnings per share. Equities analysts anticipate that Marriott International will post 9.26 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

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

Insider Activity

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new position in shares of Marriott International during the 2nd quarter worth $26,000. MFA Wealth Advisors LLC purchased a new position in Marriott International during the second quarter valued at $28,000. Silvant Capital Management LLC bought a new stake in Marriott International during the third quarter valued at about $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the third quarter worth about $33,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Marriott International during the 2nd quarter valued at approximately $35,000. 70.70% of the stock is currently owned by 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.