Marriott International, Inc. (NASDAQ:MAR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $211.08.

Several equities analysts have commented on MAR shares. Morgan Stanley upped their price target on Marriott International from $208.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Truist Financial increased their price objective on shares of Marriott International from $213.00 to $221.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. TD Cowen increased their price objective on shares of Marriott International from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays increased their target price on Marriott International from $189.00 to $208.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. Finally, Citigroup increased their target price on Marriott International from $175.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th.

Insider Activity

In other news, Director Eric Hippeau sold 4,300 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $174.39, for a total value of $749,877.00. Following the completion of the transaction, the director now owns 4,072 shares of the company’s stock, valued at approximately $710,116.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Eric Hippeau sold 4,300 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $174.39, for a total value of $749,877.00. Following the completion of the transaction, the director now directly owns 4,072 shares of the company’s stock, valued at approximately $710,116.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anthony Capuano sold 20,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $202.23, for a total transaction of $4,044,600.00. Following the completion of the transaction, the chief executive officer now directly owns 100,317 shares of the company’s stock, valued at $20,287,106.91. The disclosure for this sale can be found here. Insiders sold 103,723 shares of company stock valued at $21,070,240 in the last quarter. Company insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

Several large investors have recently made changes to their positions in MAR. ST Germain D J Co. Inc. acquired a new stake in shares of Marriott International in the second quarter valued at approximately $593,000. Portside Wealth Group LLC acquired a new position in Marriott International in the 2nd quarter valued at approximately $431,000. Stonebridge Capital Advisors LLC increased its stake in shares of Marriott International by 1.9% in the second quarter. Stonebridge Capital Advisors LLC now owns 38,311 shares of the company’s stock valued at $7,037,000 after buying an additional 732 shares during the period. Dunhill Financial LLC acquired a new stake in shares of Marriott International during the second quarter worth $387,000. Finally, Hook Mill Capital Partners LP acquired a new stake in shares of Marriott International during the second quarter worth $859,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Marriott International Trading Down 0.5 %

Shares of MAR stock opened at $203.16 on Friday. The stock has a 50-day simple moving average of $200.12 and a 200 day simple moving average of $181.47. Marriott International has a fifty-two week low of $135.90 and a fifty-two week high of $210.98. The stock has a market capitalization of $60.59 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.36 and a beta of 1.59. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 73.56.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, August 1st. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.07. Marriott International had a return on equity of 649.26% and a net margin of 12.15%. The firm had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Marriott International will post 8.65 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.08 annualized dividend and a yield of 1.02%. Marriott International’s dividend payout ratio (DPR) is presently 23.45%.

Marriott International Company Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.