Mizuho Trims Marriott International (NASDAQ:MAR) Target Price to $260.00

Marriott International (NASDAQ:MAR) had its price objective decreased by Mizuho from $263.00 to $260.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the company. Barclays raised their target price on Marriott International from $239.00 to $240.00 and gave the stock an equal weight rating in a research note on Friday, April 19th. Truist Financial raised their price objective on Marriott International from $233.00 to $263.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. Jefferies Financial Group raised their target price on Marriott International from $205.00 to $227.00 and gave the company a hold rating in a report on Tuesday, January 2nd. Argus raised their target price on Marriott International from $270.00 to $280.00 and gave the company a buy rating in a report on Tuesday, March 19th. Finally, UBS Group boosted their target price on Marriott International from $210.00 to $259.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International currently has an average rating of Hold and a consensus price target of $236.69.

Marriott International Stock Up 1.0 %

Shares of MAR opened at $239.69 on Tuesday. Marriott International has a 52-week low of $162.77 and a 52-week high of $260.57. The company has a market capitalization of $69.26 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.72 and a beta of 1.62. The stock has a fifty day simple moving average of $248.18 and a two-hundred day simple moving average of $226.48.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 13th. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. Marriott International had a negative return on equity of 848.49% and a net margin of 13.00%. The business had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $1.96 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Marriott International will post 9.46 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Wednesday, February 21st. Marriott International’s payout ratio is currently 20.41%.

Insider Activity

In related news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now owns 24,478 shares of the company’s stock, valued at $6,166,742.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the sale, the executive vice president now directly owns 36,778 shares in the company, valued at $8,841,063.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Satyajit Anand sold 2,749 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total value of $692,555.57. Following the sale, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,003 shares of company stock valued at $30,435,493. Company insiders own 10.07% of the company’s stock.

Institutional Trading of Marriott International

A number of institutional investors have recently bought and sold shares of MAR. Parnassus Investments LLC purchased a new stake in Marriott International during the third quarter worth $481,621,000. Norges Bank purchased a new stake in shares of Marriott International in the fourth quarter valued at $461,525,000. FMR LLC lifted its position in shares of Marriott International by 16.1% in the third quarter. FMR LLC now owns 8,634,610 shares of the company’s stock valued at $1,697,219,000 after acquiring an additional 1,194,665 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Marriott International by 34.8% in the fourth quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of Marriott International by 42.2% in the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after acquiring an additional 934,304 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.