Marriott International (NASDAQ:MAR) Given New $246.00 Price Target at Mizuho

Marriott International (NASDAQ:MAR) had its price objective upped by Mizuho from $233.00 to $246.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on MAR. Robert W. Baird boosted their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday. Evercore ISI lifted their target price on shares of Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price target on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Morgan Stanley lowered their price objective on Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Sanford C. Bernstein lifted their target price on Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $259.00.

Marriott International Trading Up 1.1 %

Marriott International stock opened at $280.80 on Tuesday. Marriott International has a 12 month low of $192.27 and a 12 month high of $282.80. The business’s fifty day simple moving average is $251.24 and its two-hundred day simple moving average is $240.26. The company has a market capitalization of $78.03 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 6.05 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last posted its earnings results on Monday, November 4th. The company reported $2.26 EPS 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 business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the business posted $2.11 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Marriott International will post 9.27 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, November 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 26.36%.

Insiders Place Their Bets

In related news, CAO Felitia Lee sold 916 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Felitia Lee sold 916 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $276.48, for a total value of $253,255.68. Following the transaction, the chief accounting officer now owns 5,609 shares in the company, valued at approximately $1,550,776.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Benjamin T. Breland sold 500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.32% of the company’s stock.

Hedge Funds Weigh In On Marriott International

Institutional investors have recently added to or reduced their stakes in the stock. Bangor Savings Bank raised its holdings in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Marriott International during the 2nd quarter worth approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in shares of Marriott International in the second quarter valued at approximately $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter worth $31,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Company Profile

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.