Marriott International, Inc. (NASDAQ:MAR) Receives Average Rating of “Hold” from Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have received a consensus rating of “Hold” from the twenty brokerages that are covering the company, MarketBeat reports. Fourteen research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $272.15.

MAR has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Truist Financial increased their price objective on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Mizuho increased their price objective on shares of Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Sanford C. Bernstein increased their price objective on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a report on Tuesday, November 5th.

Insider Buying and Selling at Marriott International

In related news, EVP Benjamin T. Breland sold 500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 $3,372,384.14. The trade was a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now owns 23,077 shares in the company, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 over the last ninety days. 12.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Sector Pension Investment Board increased its holdings in Marriott International by 63.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,444 shares of the company’s stock worth $2,042,000 after purchasing an additional 3,287 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Marriott International by 59.9% in the second quarter. AQR Capital Management LLC now owns 123,973 shares of the company’s stock worth $29,973,000 after acquiring an additional 46,420 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Marriott International in the second quarter valued at approximately $3,844,000. Creative Planning increased its holdings in shares of Marriott International by 19.0% in the 2nd quarter. Creative Planning now owns 93,482 shares of the company’s stock worth $22,601,000 after buying an additional 14,897 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Marriott International by 7.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,139 shares of the company’s stock worth $3,418,000 after buying an additional 1,028 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Stock Performance

Shares of MAR opened at $290.46 on Tuesday. The stock has a market capitalization of $80.72 billion, a P/E ratio of 30.38, a P/E/G ratio of 4.68 and a beta of 1.57. Marriott International has a 1 year low of $204.55 and a 1 year high of $295.45. The company’s fifty day moving average is $283.06 and its two-hundred day moving average is $259.10.

Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. Marriott International’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that Marriott International will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st were paid a $0.63 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. Marriott International’s dividend payout ratio is 26.36%.

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.