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

Several analysts have recently updated their ratings and price targets for Marriott International (NASDAQ: MAR):

• 12/13/2024 – Marriott International had its price target raised by analysts at JPMorgan Chase & Co. from $251.00 to $269.00. They now have a “neutral” rating on the stock.
• 12/13/2024 – Marriott International had its price target raised by analysts at Barclays PLC from $249.00 to $286.00. They now have an “equal weight” rating on the stock.
• 12/10/2024 – Marriott International had its price target raised by analysts at The Goldman Sachs Group, Inc. from $280.00 to $314.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Marriott International had its price target raised by analysts at Truist Financial Co. from $254.00 to $277.00. They now have a “hold” rating on the stock.
• 11/26/2024 – Marriott International had its price target raised by analysts at Stifel Nicolaus from $252.00 to $283.00. They now have a “hold” rating on the stock.
• 11/5/2024 – Marriott International had its price target raised by analysts at Sanford C. Bernstein from $262.00 to $290.00. They now have an “outperform” rating on the stock.
• 11/5/2024 – Marriott International had its price target raised by analysts at Mizuho from $233.00 to $246.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – Marriott International had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $245.00 price target on the stock.
• 11/5/2024 – Marriott International had its price target raised by analysts at Robert W. Baird from $258.00 to $264.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – Marriott International had its price target raised by analysts at BMO Capital Markets from $255.00 to $265.00. They now have a “market perform” rating on the stock.
• 11/5/2024 – Marriott International had its price target raised by analysts at Barclays PLC from $240.00 to $249.00. They now have an “equal weight” rating on the stock.
• 11/5/2024 – Marriott International had its price target lowered by analysts at TD Cowen from $295.00 to $283.00. They now have a “buy” rating on the stock.

Marriott International Price Performance

Shares of MAR opened at $286.39 on Wednesday. The stock has a 50-day moving average of $277.68 and a 200-day moving average of $251.19. Marriott International, Inc. has a one year low of $204.55 and a one year high of $295.45. The company has a market cap of $79.58 billion, a PE ratio of 29.96, a P/E/G ratio of 5.47 and a beta of 1.58.

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 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 the consensus estimate of $6.27 billion. During the same quarter in the prior year, the business earned $2.11 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Marriott International, Inc. will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced 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. This represents a $2.52 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Buying and Selling

In other news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. 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 value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares of the company’s stock, valued at approximately $11,338,197.66. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently made changes to their positions in MAR. Atomi Financial Group Inc. grew its position in Marriott International by 14.0% during the 2nd quarter. Atomi Financial Group Inc. now owns 2,166 shares of the company’s stock worth $524,000 after acquiring an additional 266 shares during the last quarter. Kintegral Advisory LLC purchased a new stake in shares of Marriott International during the second quarter worth about $1,306,000. HB Wealth Management LLC boosted its position in Marriott International by 2.7% during the 2nd quarter. HB Wealth Management LLC now owns 5,052 shares of the company’s stock valued at $1,222,000 after acquiring an additional 134 shares in the last quarter. Whittier Trust Co. raised its position in shares of Marriott International by 13.7% in the 2nd quarter. Whittier Trust Co. now owns 6,540 shares of the company’s stock worth $1,581,000 after acquiring an additional 788 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Marriott International by 192.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 427 shares of the company’s stock valued at $103,000 after purchasing an additional 281 shares in the last quarter. 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.