Marriott International, Inc. (NASDAQ:MAR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have been given an average recommendation of “Hold” by the twenty analysts that are covering the firm, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $269.65.

MAR has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Truist Financial increased their price objective on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Mizuho boosted their target price on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price target on Marriott International from $238.00 to $261.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a research note on Friday, December 13th.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 108,361 shares of the company’s stock, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the transaction, the chief financial officer now owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MAR. Silvant Capital Management LLC bought a new stake in Marriott International during the third quarter valued at approximately $31,000. Darwin Wealth Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at $33,000. Cyrus J. Lawrence LLC purchased a new position in Marriott International in the second quarter worth $36,000. Kathleen S. Wright Associates Inc. bought a new position in Marriott International in the third quarter valued at $40,000. Finally, Kimelman & Baird LLC purchased a new stake in Marriott International during the second quarter valued at about $41,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 1.6 %

Shares of NASDAQ:MAR opened at $274.45 on Friday. The firm’s 50 day moving average is $280.75 and its two-hundred day moving average is $253.55. The firm has a market capitalization of $76.27 billion, a P/E ratio of 28.71, a PEG ratio of 5.47 and a beta of 1.58. Marriott International has a 52 week low of $204.55 and a 52 week high of $295.45.

Marriott International (NASDAQ:MAR) last issued 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $2.11 earnings per share. Analysts predict that Marriott International will post 9.26 EPS for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

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.