Marriott International (NASDAQ:MAR) Price Target Raised to $269.00

Marriott International (NASDAQ:MAR - Free Report) had its target price boosted by JPMorgan Chase & Co. from $251.00 to $269.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

MAR has been the subject of several other research reports. Mizuho increased their price target on shares of Marriott International from $233.00 to $246.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Barclays increased their price objective on Marriott International from $240.00 to $249.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Truist Financial upped their price target on Marriott International from $254.00 to $277.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price objective on Marriott International from $238.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Sanford C. Bernstein increased their target price on shares of Marriott International from $262.00 to $290.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $266.25.

Marriott International Stock Down 1.0 %

Shares of Marriott International stock traded down $2.91 on Friday, hitting $287.08. 797,229 shares of the company were exchanged, compared to its average volume of 1,446,553. The company has a 50-day moving average price of $274.12 and a 200 day moving average price of $248.34. The stock has a market capitalization of $79.78 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 5.56 and a beta of 1.58. Marriott International has a 1-year low of $204.55 and a 1-year high of $295.45.

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). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter in the previous year, the company earned $2.11 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Marriott International will post 9.26 EPS for the current year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 21st. Marriott International's dividend payout ratio (DPR) is presently 26.36%.

Insider Transactions at Marriott International

In other news, CEO Anthony Capuano sold 8,332 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Benjamin T. Breland sold 500 shares of Marriott International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total transaction of $137,245.00. Following the sale, the executive vice president now owns 12,286 shares in the company, valued at $3,372,384.14. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,815 shares of company stock valued at $3,919,739. Insiders own 12.32% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MAR. Hantz Financial Services Inc. acquired a new stake in shares of Marriott International during the second quarter worth about $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International during the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC purchased a new position in shares of Marriott International in the 3rd quarter valued at approximately $31,000. Darwin Wealth Management LLC acquired a new position in shares of Marriott International in the third quarter valued at approximately $33,000. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Marriott International during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 70.70% of the company's stock.

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.