Marriott International (NASDAQ:MAR – Free Report) had its target price decreased by Mizuho from $263.00 to $260.00 in a research report released on Tuesday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.
Other research analysts have also issued reports about the stock. Argus upped their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a buy rating in a report on Tuesday, March 19th. Robert W. Baird decreased their price target on shares of Marriott International from $250.00 to $248.00 and set a neutral rating for the company in a research note on Wednesday, February 14th. Barclays raised their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an equal weight rating in a research note on Friday. BMO Capital Markets raised their price objective on shares of Marriott International from $230.00 to $235.00 and gave the company a market perform rating in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group raised their price objective on shares of Marriott International from $205.00 to $227.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Marriott International has a consensus rating of Hold and an average price target of $236.69.
Marriott International Trading Up 1.0 %
Shares of MAR traded up $2.28 during trading hours on Tuesday, reaching $239.69. 1,195,257 shares of the stock traded hands, compared to its average volume of 1,442,333. Marriott International has a 52 week low of $162.77 and a 52 week high of $260.57. The stock has a fifty day simple moving average of $248.08 and a 200 day simple moving average of $226.17. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.72 and a beta of 1.62.
Marriott International (NASDAQ:MAR – Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $2.12 by $1.45. The firm had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.96 earnings per share. Analysts predict that Marriott International will post 9.46 earnings per share for the current fiscal year.
Marriott International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s dividend payout ratio is presently 20.41%.
Insider Buying and Selling
In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the transaction, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kathleen K. Oberg sold 47,109 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were 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 of the company’s stock, valued at $4,862,937.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,003 shares of company stock worth $30,435,493. Insiders own 10.07% of the company’s stock.
Hedge Funds Weigh In On Marriott International
A number of large investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Marriott International during the 3rd quarter valued at approximately $25,000. Roble Belko & Company Inc boosted its holdings in Marriott International by 845.5% during 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 during the period. ORG Partners LLC boosted its holdings in Marriott International by 72.6% during 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 during the period. Keener Financial Planning LLC purchased a new position in shares of Marriott International in the 4th quarter valued at about $30,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Marriott International in the 4th quarter valued at about $31,000. 70.70% of the stock is currently owned by institutional investors.
Marriott International Company Profile
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.