Marriott International (NASDAQ:MAR) Price Target Raised to $295.00 at Jefferies Financial Group

Marriott International (NASDAQ:MAR) had its target price lifted by Jefferies Financial Group from $251.00 to $295.00 in a research report report published on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets raised their price target on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial increased their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Evercore ISI upped their price objective on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Finally, Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International 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’s stock. According to MarketBeat, Marriott International has a consensus rating of “Hold” and an average price target of $269.65.

Marriott International Stock Performance

Shares of NASDAQ MAR opened at $274.45 on Thursday. The stock has a fifty day moving average of $280.75 and a 200-day moving average of $253.55. The stock has a market cap of $76.27 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 5.47 and a beta of 1.58. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

Marriott International (NASDAQ:MAR) last posted its 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). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the company posted $2.11 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Marriott International will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Activity

In other Marriott International news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock valued at $3,919,739 in the last 90 days. 12.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marriott International

A number of hedge funds and other institutional investors have recently modified their holdings of MAR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock worth $254,613,000 after acquiring an additional 46,563 shares during the last quarter. National Pension Service raised its holdings in Marriott International by 11.6% during the 3rd quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after buying an additional 74,832 shares during the period. Dimensional Fund Advisors LP boosted its stake in Marriott International by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock worth $164,355,000 after buying an additional 33,149 shares during the period. First Pacific Advisors LP raised its stake in shares of Marriott International by 2.1% in the second quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock valued at $148,255,000 after acquiring an additional 12,499 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock worth $152,399,000 after purchasing an additional 47,551 shares during the period. Institutional investors own 70.70% of the company’s stock.

About Marriott International

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.