Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Price Target at $286.45

Shares of Marriott International, Inc. (NASDAQ:MAR) have earned an average recommendation of “Hold” from the twenty analysts that are currently covering the firm, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $286.05.

Several brokerages have recently issued reports on MAR. Morgan Stanley increased their price objective on shares of Marriott International from $289.00 to $298.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Truist Financial reduced their target price on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a report on Friday. Mizuho increased their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Jefferies Financial Group increased their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, UBS Group increased their target price on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th.

Marriott International Stock Down 3.0 %

Shares of MAR stock opened at $237.49 on Wednesday. The firm has a fifty day moving average of $275.53 and a 200-day moving average of $270.37. Marriott International has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market capitalization of $65.47 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, equities analysts expect that Marriott International will post 10.1 EPS for the current year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s dividend payout ratio is presently 30.29%.

Insider Transactions at Marriott International

In related news, Director Susan C. Schwab sold 1,054 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 12,642 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total transaction of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares in the company, valued at approximately $8,831,393.97. This represents a 29.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,694 shares of company stock worth $8,938,132. 12.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Marriott International

A number of hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. boosted its position in shares of Marriott International by 12.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,122 shares of the company’s stock worth $528,000 after acquiring an additional 235 shares in the last quarter. Empowered Funds LLC lifted its stake in Marriott International by 4.8% during the third quarter. Empowered Funds LLC now owns 3,734 shares of the company’s stock worth $928,000 after purchasing an additional 172 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Marriott International by 3.5% during the third quarter. Pathstone Holdings LLC now owns 208,994 shares of the company’s stock worth $51,956,000 after purchasing an additional 7,122 shares during the last quarter. Prospera Financial Services Inc lifted its stake in Marriott International by 151.8% during the third quarter. Prospera Financial Services Inc now owns 3,603 shares of the company’s stock worth $896,000 after purchasing an additional 2,172 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Marriott International in the third quarter valued at about $2,148,000. 70.70% of the stock is 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, City Express by Marriott, and St.