Marriott International (NASDAQ:MAR) Upgraded to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Marriott International (NASDAQ:MAR) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat.com reports. The brokerage currently has $345.00 price objective on the stock, up from their previous price objective of $288.00.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets upped their target price on shares of Marriott International from $280.00 to $285.00 and gave the company a “market perform” rating in a research report on Wednesday, November 5th. Morgan Stanley dropped their price objective on Marriott International from $302.00 to $296.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Barclays raised their target price on Marriott International from $262.00 to $274.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Truist Financial upped their price target on Marriott International from $278.00 to $283.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Finally, Robert W. Baird reduced their price objective on shares of Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $296.87.

Marriott International Trading Up 3.3%

Shares of NASDAQ:MAR opened at $308.49 on Monday. Marriott International has a 1-year low of $205.40 and a 1-year high of $310.23. The stock has a market capitalization of $82.78 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.89 and a beta of 1.15. The business has a 50-day moving average price of $281.81 and a two-hundred day moving average price of $272.46.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.38 by $0.09. Marriott International had a net margin of 10.07% and a negative return on equity of 89.29%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Marriott International has set its Q4 2025 guidance at 2.540-2.620 EPS and its FY 2025 guidance at 9.980-10.060 EPS. As a group, equities analysts predict that Marriott International will post 10.1 EPS for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, November 20th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Marriott International’s dividend payout ratio is presently 28.30%.

Insider Transactions at Marriott International

In other Marriott International news, insider Deborah Marriott Harrison sold 70,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $291.63, for a total transaction of $20,414,100.00. Following the completion of the transaction, the insider owned 175,210 shares in the company, valued at approximately $51,096,492.30. This represents a 28.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 6,666 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $280.04, for a total value of $1,866,746.64. Following the completion of the sale, the insider owned 11,000 shares in the company, valued at $3,080,440. The trade was a 37.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 86,672 shares of company stock valued at $25,174,655. 10.68% of the stock is currently owned by insiders.

Institutional Trading of Marriott International

A number of institutional investors have recently made changes to their positions in MAR. Hudson Bay Capital Management LP grew its position in Marriott International by 9.5% in the third quarter. Hudson Bay Capital Management LP now owns 76,046 shares of the company’s stock valued at $19,805,000 after purchasing an additional 6,582 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Marriott International by 66.9% in the 3rd quarter. Allworth Financial LP now owns 12,712 shares of the company’s stock valued at $3,311,000 after acquiring an additional 5,094 shares in the last quarter. IFP Advisors Inc raised its holdings in Marriott International by 186.3% during the third quarter. IFP Advisors Inc now owns 7,936 shares of the company’s stock worth $2,067,000 after acquiring an additional 5,164 shares in the last quarter. Investment Research Partners LLC acquired a new position in Marriott International during the third quarter valued at approximately $371,000. Finally, CIBC Private Wealth Group LLC grew its stake in Marriott International by 25.6% in the third quarter. CIBC Private Wealth Group LLC now owns 242,432 shares of the company’s stock valued at $63,139,000 after purchasing an additional 49,423 shares in the last quarter. Institutional investors 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.