Marriott International (NASDAQ:MAR) Receives Neutral Rating from The Goldman Sachs Group

The Goldman Sachs Group reissued their neutral rating on shares of Marriott International (NASDAQ:MAR - Free Report) in a report published on Monday morning, Marketbeat.com reports. They currently have a $245.00 target price on the stock, down from their prior target price of $313.00.

Other analysts have also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Evercore ISI raised shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price target for the company in a research report on Tuesday, February 4th. Susquehanna boosted their target price on Marriott International from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley raised their price objective on shares of Marriott International from $289.00 to $298.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company lowered their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $277.00.

Marriott International Trading Up 0.7 %

NASDAQ MAR traded up $1.62 during mid-day trading on Monday, hitting $220.41. The company's stock had a trading volume of 1,523,436 shares, compared to its average volume of 1,564,767. The firm has a market capitalization of $60.82 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 3.42 and a beta of 1.42. The company's 50 day simple moving average is $251.42 and its 200 day simple moving average is $268.42. Marriott International has a twelve month low of $204.55 and a twelve month high of $307.52.

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

Marriott International Announces Dividend

The business also recently disclosed 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 (DPR) is currently 30.29%.

Insider Buying and Selling at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the transaction, the director now owns 4,551 shares in the company, valued at $1,262,811.48. This represents a 18.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now owns 14,282 shares in the company, valued at approximately $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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

Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Marriott International during the 4th quarter valued at approximately $580,922,000. Wellington Management Group LLP lifted its holdings in Marriott International by 50.8% during the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company's stock valued at $1,300,168,000 after purchasing an additional 1,570,144 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Marriott International by 23,923.3% in the 1st quarter. GAMMA Investing LLC now owns 731,989 shares of the company's stock valued at $174,360,000 after purchasing an additional 728,942 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Marriott International during the 4th quarter valued at about $165,162,000. Finally, Invesco Ltd. increased its position in shares of Marriott International by 17.4% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 70.70% of the company's stock.

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.