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

Marriott International, Inc. (NASDAQ:MAR) has earned an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $241.33.

Several equities analysts have issued reports on the stock. BMO Capital Markets upped their price objective on shares of Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Argus upped their price objective on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Truist Financial increased their target price on shares of Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. UBS Group increased their target price on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Robert W. Baird increased their target price on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd.

Marriott International Price Performance

NASDAQ:MAR opened at $236.59 on Thursday. Marriott International has a 12 month low of $165.13 and a 12 month high of $260.57. The firm has a market capitalization of $67.57 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 4.46 and a beta of 1.61. The business’s fifty day moving average price is $243.69 and its 200 day moving average price is $234.19.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the prior year, the company earned $2.09 EPS. The business’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Marriott International will post 9.53 EPS for the current year.

Marriott International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be given a $0.63 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.52 dividend on an annualized basis and a yield of 1.07%. This is an increase from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s dividend payout ratio (DPR) is presently 26.01%.

Insider Activity at Marriott International

In other Marriott International news, Director Eric Hippeau sold 1,400 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total value of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The sale was disclosed in a filing with the SEC, which is available at this link. In other Marriott International news, insider David S. Marriott sold 2,878 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $248.94, for a total value of $716,449.32. Following the completion of the transaction, the insider now directly owns 596,042 shares of the company’s stock, valued at $148,378,695.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric Hippeau sold 1,400 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $251.19, for a total transaction of $351,666.00. Following the completion of the transaction, the director now directly owns 72 shares of the company’s stock, valued at $18,085.68. The disclosure for this sale can be found here. 10.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MAR. Roble Belko & Company Inc increased its stake in shares of Marriott International by 845.5% during the 1st quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. ORG Partners LLC increased its stake in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Marriott International in the 1st quarter worth approximately $29,000. Keener Financial Planning LLC purchased a new stake in Marriott International in the 4th quarter worth approximately $30,000. Finally, Anchor Investment Management LLC purchased a new stake in Marriott International in the 4th quarter worth approximately $31,000. 70.70% of the stock is 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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.