Marriott International (NASDAQ:MAR) Price Target Increased to $240.00 by Analysts at BMO Capital Markets

Marriott International (NASDAQ:MAR) had its target price increased by BMO Capital Markets from $235.00 to $240.00 in a research note released on Thursday morning, Benzinga reports. They currently have a market perform rating on the stock.

MAR has been the topic of several other reports. UBS Group upped their price objective on Marriott International from $210.00 to $259.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Mizuho increased their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a neutral rating in a research report on Thursday. Barclays boosted their price target on shares of Marriott International from $239.00 to $240.00 and gave the company an equal weight rating in a research report on Friday, April 19th. Argus boosted their target price on Marriott International from $270.00 to $280.00 and gave the stock a buy rating in a report on Tuesday, March 19th. Finally, Wells Fargo & Company raised their price target on Marriott International from $234.00 to $250.00 and gave the company an equal weight rating in a report on Monday, March 18th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $241.33.

Marriott International Stock Performance

Shares of NASDAQ:MAR traded down $0.97 during trading on Thursday, hitting $234.59. 1,572,856 shares of the stock were exchanged, compared to its average volume of 1,539,790. The company’s fifty day simple moving average is $247.40 and its 200-day simple moving average is $228.39. The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 5.24 and a beta of 1.61. Marriott International has a 1-year low of $165.13 and a 1-year high of $260.57.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results 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 business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS. On average, research analysts forecast that Marriott International will post 9.49 earnings per share for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 22nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.08 dividend on an annualized basis and a yield of 0.89%. Marriott International’s payout ratio is presently 21.47%.

Insider Buying and Selling at Marriott International

In other Marriott International news, EVP Rena Hozore Reiss sold 3,563 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $240.39, for a total transaction of $856,509.57. Following the transaction, the executive vice president now owns 36,778 shares in the company, valued at $8,841,063.42. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Rena Hozore Reiss sold 3,563 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $240.39, for a total value of $856,509.57. Following the completion of the transaction, the executive vice president now owns 36,778 shares of the company’s stock, valued at approximately $8,841,063.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Deborah Marriott Harrison sold 37,300 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $241.46, for a total value of $9,006,458.00. Following the sale, the insider now directly owns 9,100 shares in the company, valued at approximately $2,197,286. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,003 shares of company stock worth $30,435,493. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Hedge funds have recently bought and sold shares of the stock. Parnassus Investments LLC acquired a new position in Marriott International during the 3rd quarter worth approximately $481,621,000. Norges Bank bought a new position in Marriott International in the fourth quarter valued at $461,525,000. FMR LLC lifted its position in Marriott International by 16.1% during the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after buying an additional 1,194,665 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Marriott International by 34.8% in the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock valued at $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. Finally, Capital International Investors grew its stake in Marriott International by 42.2% in the fourth quarter. Capital International Investors now owns 3,147,501 shares of the company’s stock valued at $709,793,000 after purchasing an additional 934,304 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.