Marriott International (NASDAQ:MAR) Price Target Lowered to $226.00 at Jefferies Financial Group

Marriott International (NASDAQ:MAR - Free Report) had its price objective reduced by Jefferies Financial Group from $295.00 to $226.00 in a research note released on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also issued reports on MAR. Mizuho boosted their target price on shares of Marriott International from $246.00 to $293.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on Marriott International from $280.00 to $314.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley raised their price objective on Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Truist Financial cut their target price on Marriott International from $308.00 to $300.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Finally, UBS Group boosted their price target on shares of Marriott International from $294.00 to $301.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $279.15.

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Marriott International Trading Down 1.7 %

NASDAQ MAR traded down $3.78 during trading on Wednesday, reaching $221.44. 899,085 shares of the company's stock were exchanged, compared to its average volume of 1,564,701. The firm has a market capitalization of $61.11 billion, a PE ratio of 26.62, a P/E/G ratio of 3.42 and a beta of 1.42. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $307.52. The company's fifty day simple moving average is $257.79 and its 200-day simple moving average is $269.49.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. Equities analysts forecast that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 27th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 27th. Marriott International's dividend payout ratio is presently 30.29%.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now directly owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rena Hozore Reiss sold 3,500 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 24,733 shares of the company's stock, valued at $7,089,714.45. This represents a 12.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock worth $8,938,132. Insiders own 12.32% of the company's stock.

Institutional Investors Weigh In On Marriott International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. bought a new position in shares of Marriott International in the fourth quarter valued at $25,000. Bernard Wealth Management Corp. acquired a new stake in Marriott International in the fourth quarter valued at $25,000. Bell Investment Advisors Inc increased its stake in shares of Marriott International by 112.2% during the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after purchasing an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Marriott International in the 4th quarter valued at about $33,000. 70.70% of the stock is owned by institutional investors.

About Marriott International

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.