Marriott International, Inc. (NASDAQ:MAR) Receives $248.65 Consensus Target Price from Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have been assigned an average rating of “Hold” from the seventeen analysts that are covering the stock, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $248.65.

MAR has been the subject of several recent analyst reports. Truist Financial cut their price objective on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. UBS Group dropped their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Susquehanna began coverage on shares of Marriott International in a report on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of Marriott International in a report on Wednesday, September 18th. They issued a “buy” rating and a $267.00 target price for the company.

Marriott International Stock Performance

Shares of Marriott International stock opened at $253.04 on Wednesday. Marriott International has a 52-week low of $180.75 and a 52-week high of $260.57. The firm has a 50-day moving average of $229.63 and a 200-day moving average of $237.83. The stock has a market cap of $71.24 billion, a PE ratio of 25.87, a PEG ratio of 5.68 and a beta of 1.59.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.01. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the business posted $2.26 earnings per share. Marriott International’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that Marriott International will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is presently 26.01%.

Institutional Trading of Marriott International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital International Investors grew its position in shares of Marriott International by 42.2% during the 4th quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock worth $709,793,000 after buying an additional 934,304 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Marriott International during the 1st quarter worth approximately $153,697,000. Public Employees Retirement Association of Colorado grew its position in shares of Marriott International by 557.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 496,505 shares of the company’s stock worth $111,967,000 after buying an additional 420,962 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Marriott International by 36,856.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after buying an additional 240,674 shares during the period. Finally, Pathstone Holdings LLC acquired a new stake in shares of Marriott International during the 4th quarter worth approximately $46,187,000. 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.