Marriott International (NASDAQ:MAR) Receives New Coverage from Analysts at Susquehanna

Susquehanna started coverage on shares of Marriott International (NASDAQ:MAR) in a research report report published on Friday, Marketbeat reports. The brokerage issued a neutral rating and a $255.00 price objective on the stock.

A number of other research analysts have also recently issued reports on MAR. Mizuho lifted their target price on shares of Marriott International from $260.00 to $265.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. UBS Group boosted their price objective on Marriott International from $210.00 to $259.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Robert W. Baird upped their price target on shares of Marriott International from $248.00 to $250.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. Barclays increased their price objective on shares of Marriott International from $239.00 to $240.00 and gave the stock an equal weight rating in a report on Friday, April 19th. Finally, Wells Fargo & Company reduced their target price on shares of Marriott International from $250.00 to $248.00 and set an equal weight rating on the stock in a research report on Thursday, May 2nd. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Marriott International presently has a consensus rating of Hold and a consensus price target of $242.19.

Marriott International Trading Down 0.2 %

NASDAQ MAR opened at $243.53 on Friday. Marriott International has a 1-year low of $170.03 and a 1-year high of $260.57. The stock’s 50 day moving average is $237.19 and its two-hundred day moving average is $237.81. The company has a market capitalization of $69.56 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 4.58 and a beta of 1.60.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a negative return on equity of 376.88% and a net margin of 12.00%. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Marriott International will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 24th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio is presently 26.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC bought a new position in shares of Marriott International during the 1st quarter valued at about $135,000. OMC Financial Services LTD bought a new position in Marriott International in the first quarter valued at approximately $4,888,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Marriott International by 98.7% in the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the company’s stock valued at $107,000 after buying an additional 226 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of Marriott International during the first quarter worth $950,000. Finally, Cambridge Trust Co. lifted its position in Marriott International by 9.7% in the 1st quarter. Cambridge Trust Co. now owns 678 shares of the company’s stock valued at $171,000 after acquiring an additional 60 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors.

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.