Recent Investment Analysts’ Ratings Changes for Marriott International (MAR)

Marriott International (NASDAQ: MAR) has recently received a number of price target changes and ratings updates:

• 10/22/2024 – Marriott International had its price target raised by analysts at BMO Capital Markets from $240.00 to $255.00. They now have a “market perform” rating on the stock.
• 10/22/2024 – Marriott International had its price target raised by analysts at Wells Fargo & Company from $238.00 to $261.00. They now have an “equal weight” rating on the stock.
• 10/21/2024 – Marriott International had its price target raised by analysts at Evercore ISI from $245.00 to $270.00. They now have an “in-line” rating on the stock.
• 10/21/2024 – Marriott International had its price target raised by analysts at Bank of America Co. from $275.00 to $300.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Marriott International was given a new $258.00 price target on by analysts at Robert W. Baird.
• 9/18/2024 – Marriott International is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $267.00 price target on the stock.
• 8/29/2024 – Marriott International was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $262.00 price target on the stock, up previously from $247.00.

Marriott International Price Performance

Shares of MAR opened at $257.82 on Thursday. Marriott International, Inc. has a one year low of $180.75 and a one year high of $266.58. The company has a 50-day simple moving average of $241.75 and a two-hundred day simple moving average of $238.66. The firm has a market capitalization of $73.64 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 6.15 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.01. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 earnings per share. Analysts expect that Marriott International, Inc. will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 16th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s dividend payout ratio (DPR) is 26.01%.

Institutional Trading of Marriott International

Several hedge funds have recently bought and sold shares of the stock. Bangor Savings Bank boosted its position in Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International in the second quarter worth $26,000. MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International in the second quarter worth $28,000. Annapolis Financial Services LLC acquired a new stake in shares of Marriott International in the first quarter worth $34,000. Finally, Unique Wealth Strategies LLC acquired a new stake in Marriott International during the second quarter valued at $35,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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.