Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Target Price at $259.00

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) has been given a consensus rating of "Hold" by the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $259.00.

A number of research firms have weighed in on MAR. Bank of America increased their target price on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. The Goldman Sachs Group started coverage on shares of Marriott International in a research note on Wednesday, September 18th. They issued a "buy" rating and a $267.00 price objective for the company. Mizuho boosted their price target on Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. TD Cowen reduced their target price on shares of Marriott International from $295.00 to $283.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, UBS Group cut their price objective on shares of Marriott International from $267.00 to $244.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th.

Insider Buying and Selling

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now owns 39,726 shares of the company's stock, valued at approximately $11,338,197.66. This represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Benjamin T. Breland sold 500 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $274.49, for a total transaction of $137,245.00. Following the completion of the transaction, the executive vice president now directly owns 12,286 shares of the company's stock, valued at $3,372,384.14. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,108 shares of company stock valued at $3,434,439 in the last three months. 12.32% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MAR. Bangor Savings Bank grew its stake in shares of Marriott International by 131.1% in the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company's stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International during the 2nd quarter valued at $26,000. MFA Wealth Advisors LLC acquired a new position in shares of Marriott International in the 2nd quarter worth $28,000. Silvant Capital Management LLC purchased a new stake in shares of Marriott International during the third quarter valued at $31,000. Finally, Darwin Wealth Management LLC purchased a new position in Marriott International in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 70.70% of the company's stock.

Marriott International Trading Down 1.6 %

NASDAQ:MAR traded down $4.45 during trading hours on Thursday, reaching $282.02. 1,328,218 shares of the company traded hands, compared to its average volume of 1,472,888. Marriott International has a 1 year low of $200.94 and a 1 year high of $289.04. The business's 50-day moving average price is $254.51 and its two-hundred day moving average price is $241.18. The stock has a market capitalization of $78.37 billion, a P/E ratio of 29.97, a P/E/G ratio of 5.63 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its 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). The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $2.11 earnings per share. As a group, equities analysts anticipate that Marriott International will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Marriott International's dividend payout ratio is currently 26.36%.

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.