Truist Financial Cuts Marriott International (NASDAQ:MAR) Price Target to $300.00

Marriott International (NASDAQ:MAR - Free Report) had its price target reduced by Truist Financial from $308.00 to $300.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also commented on MAR. UBS Group boosted their price target on Marriott International from $294.00 to $301.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group boosted 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. Barclays dropped their price target on Marriott International from $287.00 to $283.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley increased their price objective on shares of Marriott International from $289.00 to $298.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group lifted their target price on shares of Marriott International from $251.00 to $295.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $286.05.

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Marriott International Stock Up 1.6 %

Shares of Marriott International stock traded up $3.74 during trading on Friday, reaching $241.23. The company's stock had a trading volume of 657,794 shares, compared to its average volume of 1,421,173. The business has a 50 day moving average price of $275.53 and a 200-day moving average price of $270.37. Marriott International has a 12-month low of $204.55 and a 12-month high of $307.52. The company has a market capitalization of $66.51 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.42 and a beta of 1.58.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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%. Research analysts predict that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 27th will be issued a $0.63 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. Marriott International's payout ratio is 30.29%.

Insiders Place Their Bets

In other news, insider William P. Brown sold 12,642 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the transaction, the insider now directly owns 30,919 shares in the company, valued at $8,831,393.97. This trade represents a 29.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the director now directly owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This trade represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 over the last quarter. Company insiders own 12.32% of the company's stock.

Institutional Investors Weigh In On Marriott International

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Marriott International during the 4th quarter worth $580,922,000. Wellington Management Group LLP lifted its position in Marriott International by 50.8% during the 4th quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock worth $1,300,168,000 after acquiring an additional 1,570,144 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Marriott International in the fourth quarter valued at approximately $165,162,000. Invesco Ltd. lifted its position in shares of Marriott International by 17.4% during the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company's stock worth $967,662,000 after purchasing an additional 512,963 shares in the last quarter. Finally, PointState Capital LP purchased a new position in shares of Marriott International in the third quarter valued at $98,249,000. 70.70% of the stock is currently owned by hedge funds and other 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.