Marriott International (NASDAQ:MAR) Price Target Raised to $286.00 at Barclays

Marriott International (NASDAQ:MAR) had its price objective upped by Barclays from $249.00 to $286.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the company. TD Cowen lowered their price target on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus upped their target price on shares of Marriott International from $252.00 to $283.00 and gave the company a “hold” rating in a report on Tuesday, November 26th. The Goldman Sachs Group lifted their price target on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research note on Tuesday. Macquarie reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. Finally, BMO Capital Markets lifted their target price on Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $266.25.

Marriott International Stock Down 1.0 %

NASDAQ:MAR opened at $287.08 on Friday. The company has a market cap of $79.78 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 5.56 and a beta of 1.58. Marriott International has a 52 week low of $204.55 and a 52 week high of $295.45. The company has a fifty day simple moving average of $274.76 and a two-hundred day simple moving average of $248.69.

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

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s dividend payout ratio is currently 26.36%.

Insider Buying and Selling at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 2,360 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Felitia Lee sold 916 shares of the company’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 transaction, the chief accounting officer now directly owns 5,609 shares in the company, valued at $1,550,776.32. The trade was a 14.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,815 shares of company stock worth $3,919,739. 12.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marriott International

A number of large investors have recently bought and sold shares of MAR. Jensen Investment Management Inc. acquired a new stake in Marriott International during the 3rd quarter worth approximately $793,000. BayBridge Capital Group LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at $1,254,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock valued at $140,844,000 after acquiring an additional 2,723 shares in the last quarter. Kinsale Capital Group Inc. acquired a new stake in Marriott International in the 3rd quarter valued at $3,769,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Marriott International during the second quarter worth about $3,844,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

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.