Marriott International (NASDAQ:MAR) Price Target Raised to $269.00 at JPMorgan Chase & Co.

Marriott International (NASDAQ:MAR) had its price target lifted by JPMorgan Chase & Co. from $251.00 to $269.00 in a research note released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also commented on MAR. Evercore ISI lifted their price objective on Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. TD Cowen cut their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Truist Financial raised their price objective on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Bank of America upped their target price on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research report on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $266.25.

Marriott International Stock Performance

Shares of MAR stock opened at $287.08 on Friday. The company has a market capitalization of $79.78 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 5.56 and a beta of 1.58. The stock’s 50 day simple moving average is $274.76 and its 200 day simple moving average is $248.93. Marriott International has a twelve month low of $204.55 and a twelve month high of $295.45.

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

Marriott International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. Marriott International’s payout ratio is presently 26.36%.

Insider Transactions at Marriott International

In other Marriott International 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 transaction of $137,245.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the sale, the insider now directly owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,815 shares of company stock valued at $3,919,739. 12.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ORG Partners LLC boosted its stake in shares of Marriott International by 77.5% in the 2nd quarter. ORG Partners LLC now owns 197 shares of the company’s stock valued at $47,000 after purchasing an additional 86 shares during the last quarter. Swedbank AB raised its position in shares of Marriott International by 1.4% during the 2nd quarter. Swedbank AB now owns 59,751 shares of the company’s stock valued at $14,446,000 after acquiring an additional 809 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Marriott International by 1.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,015 shares of the company’s stock valued at $1,212,000 after purchasing an additional 51 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of Marriott International by 1.8% in the 2nd quarter. Miracle Mile Advisors LLC now owns 2,749 shares of the company’s stock worth $665,000 after purchasing an additional 49 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in Marriott International by 30.5% in the second quarter. Brookstone Capital Management now owns 3,435 shares of the company’s stock valued at $850,000 after purchasing an additional 802 shares during the last quarter. 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.