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

Shares of Marriott International, Inc. (NASDAQ:MAR) have been given an average rating of “Hold” by the fifteen research firms that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $236.69.

A number of equities analysts recently commented on MAR shares. Robert W. Baird reduced their price target on Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. UBS Group boosted their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Jefferies Financial Group boosted their price target on Marriott International from $205.00 to $227.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. BMO Capital Markets boosted their price target on Marriott International from $230.00 to $235.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th. Finally, Truist Financial boosted their price target on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th.

Insider Activity at Marriott International

In related news, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the completion of the sale, the chief financial officer now directly owns 20,036 shares in the company, valued at $4,862,937.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Marriott International news, insider Deborah Marriott Harrison sold 37,300 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $241.46, for a total transaction of $9,006,458.00. Following the completion of the sale, the insider now directly owns 9,100 shares in the company, valued at approximately $2,197,286. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 47,109 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total value of $11,433,825.39. Following the sale, the chief financial officer now owns 20,036 shares of the company’s stock, valued at $4,862,937.56. The disclosure for this sale can be found here. Insiders sold 125,003 shares of company stock worth $30,435,493 over the last three months. Company insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Large investors have recently made changes to their positions in the company. Roble Belko & Company Inc lifted its position in Marriott International by 845.5% in the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. ORG Partners LLC lifted its position in Marriott International by 72.6% in the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares in the last quarter. Keener Financial Planning LLC bought a new position in Marriott International in the 4th quarter valued at about $30,000. OFI Invest Asset Management bought a new position in Marriott International in the 3rd quarter valued at about $25,000. Finally, Annapolis Financial Services LLC bought a new position in Marriott International in the 1st quarter valued at about $34,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR opened at $240.84 on Friday. The business’s 50-day moving average price is $248.36 and its two-hundred day moving average price is $227.23. Marriott International has a 1 year low of $162.77 and a 1 year high of $260.57. The company has a market capitalization of $69.60 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 5.40 and a beta of 1.62.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $6.20 billion. During the same quarter last year, the business posted $1.96 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Marriott International will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, February 21st. Marriott International’s payout ratio is 20.41%.

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