Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Target Price at $249.41

Shares of Marriott International, Inc. (NASDAQ:MAR) have been given a consensus rating of “Hold” by the eighteen analysts that are presently covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $256.39.

MAR has been the subject of a number of research reports. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $247.00 to $262.00 in a report on Thursday, August 29th. Truist Financial dropped their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. UBS Group decreased their target price on Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Marriott International from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Thursday, August 1st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MAR. Roble Belko & Company Inc boosted its stake in shares of Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after buying an additional 93 shares during the period. Bangor Savings Bank lifted its position in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Marriott International in the second quarter valued at approximately $26,000. Benjamin Edwards Inc. purchased a new stake in shares of Marriott International during the first quarter worth approximately $29,000. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Marriott International during the second quarter worth $28,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Stock Performance

MAR stock opened at $265.50 on Friday. The firm has a market cap of $75.83 billion, a PE ratio of 27.40, a PEG ratio of 6.15 and a beta of 1.59. Marriott International has a one year low of $180.75 and a one year high of $266.58. The firm’s 50 day moving average price is $240.93 and its 200-day moving average price is $238.52.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.49 by $0.01. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.26 EPS. Equities research analysts predict that Marriott International will post 9.37 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 0.95%. Marriott International’s dividend payout ratio is presently 26.01%.

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, City Express by Marriott, and St.