Marriott International, Inc. (NASDAQ:MAR) Given Average Rating of “Hold” by Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have received an average rating of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $236.69.

A number of brokerages recently weighed in on MAR. Truist Financial lifted their price objective on shares of Marriott International from $233.00 to $263.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. BMO Capital Markets lifted their price objective on shares of Marriott International from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. Argus lifted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Robert W. Baird decreased their price objective on shares of Marriott International from $250.00 to $248.00 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Finally, UBS Group lifted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th.

Insiders Place Their Bets

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares of the company’s stock, valued at approximately $18,085.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Marriott International news, CEO Anthony Capuano sold 20,000 shares of Marriott International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total transaction of $4,969,600.00. Following the completion of the sale, the chief executive officer now directly owns 93,323 shares in the company, valued at approximately $23,188,899.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric Hippeau sold 1,400 shares of Marriott International stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the sale, the director now owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,003 shares of company stock valued at $30,435,493. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Institutional investors and hedge funds have recently bought and sold shares of the business. Roble Belko & Company Inc lifted its stake in Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. ORG Partners LLC lifted its stake in Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after acquiring an additional 53 shares during the period. Keener Financial Planning LLC acquired a new position in shares of Marriott International in the 4th quarter valued at $30,000. OFI Invest Asset Management acquired a new position in shares of Marriott International in the 3rd quarter valued at $25,000. Finally, Annapolis Financial Services LLC acquired a new position in shares of Marriott International in the 1st quarter valued at $34,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Trading Down 0.5 %

Marriott International stock opened at $240.84 on Friday. The firm has a 50-day moving average price of $248.36 and a 200-day moving average price of $227.23. The firm has a market capitalization of $69.60 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 5.40 and a beta of 1.62. Marriott International has a 12-month low of $162.77 and a 12-month high of $260.57.

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

Marriott International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 21st. Marriott International’s payout ratio is currently 20.41%.

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.