Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Target Price at $272.15

Shares of Marriott International, Inc. (NASDAQ:MAR) have earned a consensus recommendation of “Hold” from the twenty analysts that are covering the stock, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $272.15.

Several research firms recently weighed in on MAR. BMO Capital Markets raised their target price on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Robert W. Baird raised their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. TD Cowen cut their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their target price on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd.

Insider Activity at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the transaction, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. 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 over the last quarter. 12.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marriott International

A number of institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its holdings in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Marriott International in the fourth quarter worth $33,000. Silvant Capital Management LLC bought a new position in Marriott International during the 3rd quarter worth $31,000. Darwin Wealth Management LLC acquired a new stake in shares of Marriott International in the third quarter valued at about $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Marriott International in the fourth quarter worth approximately $38,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Up 1.0 %

Shares of MAR stock opened at $292.54 on Tuesday. The firm’s fifty day moving average price is $282.75 and its two-hundred day moving average price is $258.45. Marriott International has a 1 year low of $204.55 and a 1 year high of $295.45. The firm has a market capitalization of $81.29 billion, a P/E ratio of 30.60, a PEG ratio of 4.64 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.05). The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 EPS. As a group, equities research analysts forecast that Marriott International will post 9.25 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.86%. Marriott International’s payout ratio is 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.