Marriott International (NASDAQ:MAR) Price Target Raised to $283.00

Marriott International (NASDAQ:MAR) had its target price raised by Truist Financial from $278.00 to $283.00 in a research note released on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other equities analysts have also issued reports on the stock. BMO Capital Markets upped their target price on shares of Marriott International from $280.00 to $285.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. Morgan Stanley decreased their target price on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Marriott International in a research note on Wednesday, October 8th. Barclays upped their target price on shares of Marriott International from $262.00 to $274.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Robert W. Baird dropped their price objective on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Marriott International presently has an average rating of “Moderate Buy” and a consensus target price of $290.20.

Marriott International Trading Down 1.2%

NASDAQ MAR opened at $292.59 on Thursday. Marriott International has a 1-year low of $205.40 and a 1-year high of $309.42. The company has a 50 day moving average of $278.46 and a 200-day moving average of $271.04. The firm has a market cap of $78.52 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.83 and a beta of 1.16.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.09. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $6.46 billion. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. On average, analysts forecast that Marriott International will post 10.1 earnings per share for the current year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, November 20th will be paid a $0.67 dividend. The ex-dividend date is Thursday, November 20th. This represents a $2.68 annualized dividend and a yield of 0.9%. Marriott International’s payout ratio is presently 28.30%.

Insider Activity at Marriott International

In other news, insider Deborah Marriott Harrison sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $291.63, for a total value of $20,414,100.00. Following the completion of the transaction, the insider owned 175,210 shares in the company, valued at $51,096,492.30. This trade represents a 28.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peggy Roe sold 2,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $292.12, for a total value of $584,240.00. Following the transaction, the executive vice president directly owned 17,466 shares of the company’s stock, valued at $5,102,167.92. This trade represents a 10.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 86,672 shares of company stock worth $25,174,655. 10.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marriott International

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Marriott International by 2.5% in the fourth quarter. Brighton Jones LLC now owns 8,887 shares of the company’s stock valued at $2,479,000 after acquiring an additional 218 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Marriott International by 6.6% during the 1st quarter. Harbour Investments Inc. now owns 758 shares of the company’s stock worth $180,000 after acquiring an additional 47 shares during the last quarter. Vanguard Group Inc. raised its stake in Marriott International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,236,478 shares of the company’s stock valued at $4,820,329,000 after acquiring an additional 184,387 shares during the period. ASR Vermogensbeheer N.V. acquired a new stake in Marriott International during the 1st quarter valued at $4,447,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Marriott International by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,514,831 shares of the company’s stock worth $360,833,000 after purchasing an additional 37,212 shares during the period. Institutional investors and hedge funds 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.