Marriott International (NASDAQ:MAR) Price Target Raised to $314.00

Marriott International (NASDAQ:MAR) had its price target upped by The Goldman Sachs Group from $280.00 to $314.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently commented on MAR. Truist Financial lifted 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. UBS Group cut their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. TD Cowen lowered their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird increased their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Sanford C. Bernstein upped their target price on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $263.70.

Marriott International Stock Performance

Marriott International stock opened at $289.99 on Tuesday. Marriott International has a 52 week low of $204.55 and a 52 week high of $295.45. The firm has a market cap of $80.59 billion, a P/E ratio of 30.52, a P/E/G ratio of 5.76 and a beta of 1.58. The business’s fifty day moving average is $273.30 and its two-hundred day moving average is $248.05.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $6.27 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Marriott International will post 9.26 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a $0.63 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.87%. Marriott International’s dividend payout ratio (DPR) is 26.36%.

Insider Buying and Selling

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares in the company, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oddo BHF Asset Management Sas bought a new stake in Marriott International during the third quarter worth $2,721,000. Tidal Investments LLC grew its holdings in Marriott International by 86.8% during the third quarter. Tidal Investments LLC now owns 16,375 shares of the company’s stock worth $4,071,000 after purchasing an additional 7,607 shares during the period. Optimist Retirement Group LLC increased its position in Marriott International by 7.7% during the third quarter. Optimist Retirement Group LLC now owns 894 shares of the company’s stock worth $222,000 after buying an additional 64 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Marriott International in the third quarter valued at approximately $1,260,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of Marriott International by 5.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 36,251 shares of the company’s stock worth $9,012,000 after acquiring an additional 1,974 shares during the period. 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.