Marriott International, Inc. (NASDAQ:MAR) Receives $269.65 Consensus PT from Analysts

Shares of Marriott International, Inc. (NASDAQ:MAR) have received an average rating of “Hold” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $269.65.

Several brokerages have recently issued reports on MAR. JPMorgan Chase & Co. lifted their price target on Marriott International from $251.00 to $269.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Macquarie reiterated a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a research note on Tuesday, November 5th. BMO Capital Markets increased their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Mizuho lifted their price objective on shares of Marriott International from $233.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI increased their target price on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total value of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares of the company’s stock, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock valued at $3,919,739 in the last quarter. Corporate insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Several institutional investors have recently bought and sold shares of MAR. Silvant Capital Management LLC bought a new position in shares of Marriott International during the third quarter valued at $31,000. Darwin Wealth Management LLC acquired a new position in Marriott International in the third quarter valued at about $33,000. Cyrus J. Lawrence LLC bought a new stake in Marriott International during the second quarter worth about $36,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Marriott International in the third quarter valued at approximately $40,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Marriott International in the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

NASDAQ MAR opened at $275.28 on Friday. The firm has a market capitalization of $76.50 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 5.47 and a beta of 1.58. The company has a 50 day simple moving average of $281.01 and a 200-day simple moving average of $253.84. Marriott International has a 52-week low of $204.55 and a 52-week high of $295.45.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the business earned $2.11 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Marriott International will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is presently 26.36%.

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.