Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Target Price at $241.33

Marriott International, Inc. (NASDAQ:MAR) has earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $241.33.

MAR has been the subject of a number of recent analyst reports. UBS Group increased their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Mizuho increased their price target on Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets raised their target price on Marriott International from $235.00 to $240.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Wells Fargo & Company reduced their target price on Marriott International from $250.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Finally, Argus raised their target price on Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th.

Institutional Investors Weigh In On Marriott International

A number of hedge funds and other institutional investors have recently bought and sold shares of MAR. Johnson Investment Counsel Inc. grew its position in shares of Marriott International by 4.7% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,877 shares of the company’s stock valued at $369,000 after purchasing an additional 85 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Marriott International by 31.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 25,086 shares of the company’s stock valued at $4,931,000 after purchasing an additional 6,032 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Marriott International during the 3rd quarter valued at $4,595,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Marriott International during the 3rd quarter valued at $2,831,000. Finally, Envestnet Asset Management Inc. grew its position in Marriott International by 15.4% in the third quarter. Envestnet Asset Management Inc. now owns 204,720 shares of the company’s stock worth $40,240,000 after acquiring an additional 27,384 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Down 0.7 %

NASDAQ:MAR opened at $243.05 on Monday. The stock has a market cap of $69.42 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 4.62 and a beta of 1.60. The stock has a 50-day moving average price of $237.63 and a two-hundred day moving average price of $237.53. Marriott International has a 1 year low of $170.03 and a 1 year high of $260.57.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the prior year, the company earned $2.09 EPS. Marriott International’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts forecast that Marriott International will post 9.53 earnings per share for the current year.

Marriott International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s payout ratio is 26.01%.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.