Marriott International (NASDAQ:MAR) Price Target Raised to $295.00

Marriott International (NASDAQ:MARFree Report) had its price objective raised by Jefferies Financial Group from $251.00 to $295.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also commented on the stock. Robert W. Baird boosted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Stifel Nicolaus increased their price target on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Bank of America lifted their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Barclays lifted their price objective on Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $269.65.

Read Our Latest Report on MAR

Marriott International Trading Up 0.3 %

NASDAQ:MAR opened at $275.28 on Thursday. The stock’s 50 day simple moving average is $281.01 and its 200-day simple moving average is $253.76. Marriott International has a 12-month low of $204.55 and a 12-month high of $295.45. The firm has a market cap of $76.50 billion, a P/E ratio of 28.80, a PEG ratio of 5.47 and a beta of 1.58.

Marriott International (NASDAQ:MARGet Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. Marriott International’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 EPS. Research analysts forecast that Marriott International will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The business also recently announced 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 0.92%. Marriott International’s payout ratio is currently 26.36%.

Insider Buying and Selling

In related news, CAO Felitia Lee sold 916 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $276.48, for a total transaction of $253,255.68. Following the completion of the sale, the chief accounting officer now directly owns 5,609 shares in the company, valued at approximately $1,550,776.32. This trade represents a 14.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathleen K. Oberg sold 2,360 shares of Marriott International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now owns 39,726 shares in the company, valued at $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,815 shares of company stock worth $3,919,739 in the last three months. 12.32% of the stock is owned by insiders.

Institutional Trading of Marriott International

Several institutional investors have recently made changes to their positions in MAR. Jensen Investment Management Inc. acquired a new stake in shares of Marriott International during the 3rd quarter valued at about $793,000. BayBridge Capital Group LLC acquired a new position in shares of Marriott International during the 3rd quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Marriott International by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Marriott International in the third quarter worth $2,721,000. Finally, Kinsale Capital Group Inc. bought a new position in Marriott International during the third quarter valued at about $3,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Marriott International (NASDAQ:MAR)

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