Analysts Set Marriott International, Inc. (NASDAQ:MAR) PT at $284.05

Shares of Marriott International, Inc. (NASDAQ:MAR) have earned an average recommendation of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat reports. Thirteen research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $284.05.

MAR has been the subject of a number of recent research reports. Truist Financial upped their target price on Marriott International from $277.00 to $308.00 and gave the company a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Mizuho increased their price objective on Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna increased their price objective on Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group increased their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd.

Insider Activity at Marriott International

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the transaction, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rena Hozore Reiss sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $286.65, for a total value of $1,003,275.00. Following the completion of the transaction, the executive vice president now owns 24,733 shares in the company, valued at approximately $7,089,714.45. The trade was a 12.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 in the last 90 days. Corporate insiders own 10.07% of the company’s stock.

Institutional Trading of Marriott International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jensen Investment Management Inc. purchased a new stake in Marriott International in the third quarter worth $793,000. BayBridge Capital Group LLC bought a new position in shares of Marriott International in the third quarter worth $1,254,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Marriott International by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Marriott International in the third quarter worth $2,721,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Marriott International in the fourth quarter worth $2,990,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

Marriott International Trading Up 1.2 %

Shares of NASDAQ MAR opened at $280.45 on Friday. Marriott International has a twelve month low of $204.55 and a twelve month high of $307.52. The company has a market capitalization of $77.32 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 3.42 and a beta of 1.57. The firm has a 50-day moving average of $283.20 and a two-hundred day moving average of $266.94.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a negative return on equity of 116.67% and a net margin of 9.46%. As a group, research analysts predict that Marriott International will post 10.1 earnings per share for the current year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.90%. Marriott International’s payout ratio is 30.29%.

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.