Macquarie Reiterates “Neutral” Rating for Marriott International (NASDAQ:MAR)

Macquarie reissued their neutral rating on shares of Marriott International (NASDAQ:MAR) in a research report report published on Tuesday morning,Benzinga reports. Macquarie currently has a $245.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price objective 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. JPMorgan Chase & Co. upped their price target on Marriott International from $235.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Robert W. Baird lifted their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday. Sanford C. Bernstein upgraded shares of Marriott International from a “market perform” rating to an “outperform” rating and upped their target price for the company from $247.00 to $262.00 in a research note on Thursday, August 29th. Finally, Truist Financial reduced their price target on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $259.00.

Marriott International Stock Up 0.5 %

MAR stock opened at $277.68 on Tuesday. The business has a 50 day moving average of $249.39 and a 200 day moving average of $239.69. Marriott International has a twelve month low of $192.04 and a twelve month high of $278.50. The firm has a market cap of $78.17 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 6.21 and a beta of 1.58.

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

Marriott International Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Benjamin T. Breland sold 500 shares of Marriott International 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 transaction, the executive vice president now owns 12,286 shares in the company, valued at approximately $3,372,384.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.32% of the company’s stock.

Hedge Funds Weigh In On Marriott International

Large investors have recently made changes to their positions in the business. Prospera Financial Services Inc lifted its holdings in shares of Marriott International by 151.8% in the third quarter. Prospera Financial Services Inc now owns 3,603 shares of the company’s stock worth $896,000 after buying an additional 2,172 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Marriott International by 3.5% in the 3rd quarter. Pathstone Holdings LLC now owns 208,994 shares of the company’s stock worth $51,956,000 after purchasing an additional 7,122 shares in the last quarter. Kinsale Capital Group Inc. bought a new stake in shares of Marriott International in the third quarter worth about $3,769,000. Natixis Advisors LLC lifted its position in shares of Marriott International by 18.8% in the third quarter. Natixis Advisors LLC now owns 281,499 shares of the company’s stock worth $69,981,000 after buying an additional 44,540 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in Marriott International by 629.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after buying an additional 116,477 shares in the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

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.