Marriott International, Inc. (NASDAQ:MAR) Given Average Rating of “Hold” by Brokerages

Shares of Marriott International, Inc. (NASDAQ:MARGet Free Report) have been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $236.81.

A number of research analysts have recently issued reports on MAR shares. Mizuho started coverage on Marriott International in a research note on Tuesday, March 26th. They set a “neutral” rating and a $263.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. Robert W. Baird lowered their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Jefferies Financial Group raised their price objective on shares of Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Finally, Truist Financial lifted their target price on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th.

View Our Latest Report on MAR

Marriott International Stock Down 1.4 %

MAR opened at $247.74 on Wednesday. The stock has a market cap of $71.59 billion, a PE ratio of 24.31, a P/E/G ratio of 1.83 and a beta of 1.62. Marriott International has a 52 week low of $161.01 and a 52 week high of $256.53. The business’s fifty day simple moving average is $246.85 and its 200 day simple moving average is $220.70.

Marriott International (NASDAQ:MARGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The firm had revenue of $6.10 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the firm earned $1.96 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Marriott International will post 9.47 earnings per share for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio (DPR) is currently 20.41%.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at approximately $18,085.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the sale, the director now owns 72 shares of the company’s stock, valued at approximately $18,085.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the sale, the insider now directly owns 24,478 shares of the company’s stock, valued at approximately $6,166,742.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,003 shares of company stock valued at $30,435,493. Company insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

A number of hedge funds have recently modified their holdings of MAR. OFI Invest Asset Management purchased a new position in shares of Marriott International during the 3rd quarter valued at $25,000. Resurgent Financial Advisors LLC purchased a new position in shares of Marriott International during the 4th quarter valued at $25,000. ICA Group Wealth Management LLC purchased a new position in shares of Marriott International during the 4th quarter valued at $28,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Marriott International during the 4th quarter valued at $28,000. Finally, ORG Partners LLC lifted its stake in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Company Profile

(Get Free Report

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.

Further Reading

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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