Marriott International, Inc. (NASDAQ:MAR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have received an average rating of “Hold” from the twenty research firms that are currently covering the company, MarketBeat.com reports. Fourteen analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $266.25.

Several equities analysts recently issued reports on MAR shares. Barclays lifted their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a report on Friday. Truist Financial boosted their price target on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Finally, Evercore ISI lifted their price objective on shares of Marriott International from $245.00 to $270.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st.

Marriott International Price Performance

Shares of MAR stock opened at $287.08 on Monday. The company has a market capitalization of $79.78 billion, a P/E ratio of 30.03, a P/E/G ratio of 5.56 and a beta of 1.58. The company’s 50-day simple moving average is $274.76 and its two-hundred day simple moving average is $248.93. Marriott International has a one year low of $204.55 and a one year high of $295.45.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.05). The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.27 billion. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Marriott International’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 EPS. On average, research analysts expect that Marriott International will post 9.26 EPS for the current fiscal year.

Marriott International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, November 21st. Marriott International’s payout ratio is 26.36%.

Insider Transactions at Marriott International

In related news, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total transaction of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares of the company’s stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kathleen K. Oberg sold 2,360 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $285.41, for a total value of $673,567.60. Following the completion of the transaction, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock worth $3,919,739 over the last 90 days. 12.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Marriott International by 4.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company’s stock valued at $254,613,000 after acquiring an additional 46,563 shares during the period. National Pension Service grew its holdings in Marriott International by 11.6% in the third quarter. National Pension Service now owns 719,613 shares of the company’s stock valued at $178,896,000 after purchasing an additional 74,832 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Marriott International by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company’s stock valued at $164,355,000 after buying an additional 33,149 shares in the last quarter. First Pacific Advisors LP raised its stake in shares of Marriott International by 2.1% during the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company’s stock worth $148,255,000 after buying an additional 12,499 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Marriott International by 8.4% in the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company’s stock valued at $152,399,000 after acquiring an additional 47,551 shares during the period. 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.