Marriott International (NASDAQ:MAR) Given New $449.00 Price Target at Wells Fargo & Company

Marriott International (NASDAQ:MAR) had its target price raised by Wells Fargo & Company from $446.00 to $449.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

MAR has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target on Marriott International from $356.00 to $383.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Mizuho raised their target price on Marriott International from $343.00 to $384.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. UBS Group boosted their target price on Marriott International from $336.00 to $412.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Truist Financial increased their price target on shares of Marriott International from $350.00 to $356.00 and gave the company a “hold” rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird cut their price objective on shares of Marriott International from $388.00 to $386.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $384.93.

Marriott International Stock Up 0.6%

NASDAQ MAR opened at $371.14 on Thursday. Marriott International has a 52 week low of $253.76 and a 52 week high of $410.98. The firm has a 50 day moving average of $376.22 and a two-hundred day moving average of $350.08. The stock has a market capitalization of $97.87 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Marriott International had a net margin of 9.72% and a negative return on equity of 80.97%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 EPS. Marriott International has set its FY 2026 guidance at 11.380-11.630 EPS and its Q2 2026 guidance at 2.990-3.060 EPS. On average, equities research analysts expect that Marriott International will post 11.64 earnings per share for the current fiscal year.

Marriott International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were paid a dividend of $0.73 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 0.8%. This is a boost from Marriott International’s previous quarterly dividend of $0.67. Marriott International’s dividend payout ratio (DPR) is 30.64%.

Insiders Place Their Bets

In other news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the completion of the sale, the executive vice president directly owned 19,827 shares of the company’s stock, valued at approximately $7,168,650.12. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.43% of the company’s stock.

Institutional Trading of Marriott International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Evelyn Partners Investment Management Services Ltd purchased a new position in Marriott International during the 1st quarter worth $25,000. Wilkerson Advisory Group LLC raised its holdings in shares of Marriott International by 127.0% in the first quarter. Wilkerson Advisory Group LLC now owns 84 shares of the company’s stock valued at $27,000 after buying an additional 47 shares during the last quarter. IMG Wealth Management Inc. boosted its stake in shares of Marriott International by 100.0% during the first quarter. IMG Wealth Management Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 41 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Marriott International during the fourth quarter worth about $27,000. Finally, McMillan Office Inc. acquired a new position in Marriott International in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

About Marriott International

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.