TD Cowen Cuts Marriott International (NASDAQ:MAR) Price Target to $283.00

Marriott International (NASDAQ:MAR) had its target price trimmed by TD Cowen from $295.00 to $283.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. The Goldman Sachs Group initiated coverage on Marriott International in a research note on Wednesday, September 18th. They set a “buy” rating and a $267.00 price target on the stock. Morgan Stanley decreased their price objective on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marriott International presently has an average rating of “Hold” and a consensus price target of $259.00.

Marriott International Stock Performance

Shares of Marriott International stock opened at $277.68 on Tuesday. The company has a market capitalization of $78.17 billion, a PE ratio of 29.05, a P/E/G ratio of 6.21 and a beta of 1.58. The company has a 50-day simple moving average of $249.39 and a two-hundred day simple moving average of $239.69. Marriott International has a one year low of $192.04 and a one year high of $278.50.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 207.04% and a net margin of 11.18%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 EPS. On average, equities analysts predict that Marriott International will post 9.27 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International’s dividend payout ratio is presently 26.36%.

Insider Activity

In related news, EVP Benjamin T. Breland sold 500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.32% of the company’s stock.

Institutional Investors Weigh In On Marriott International

A number of institutional investors have recently modified their holdings of MAR. Bangor Savings Bank boosted its position in Marriott International by 131.1% during the second quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Marriott International during the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC acquired a new stake in Marriott International in the 2nd quarter valued at $28,000. Silvant Capital Management LLC acquired a new position in Marriott International during the third quarter worth $31,000. Finally, Unique Wealth Strategies LLC purchased a new position in Marriott International during the second quarter valued at $35,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.