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

Shares of Marriott International, Inc. (NASDAQ:MAR) have earned an average recommendation of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat reports. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $248.65.

Several brokerages have weighed in on MAR. The Goldman Sachs Group began coverage on shares of Marriott International in a report on Wednesday, September 18th. They set a “buy” rating and a $267.00 price objective for the company. Truist Financial lowered their price objective on Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Macquarie restated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Friday, August 2nd. Barclays lifted their price objective on shares of Marriott International from $240.00 to $251.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley lowered their target price on shares of Marriott International from $268.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th.

Hedge Funds Weigh In On Marriott International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bangor Savings Bank boosted its position in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Roble Belko & Company Inc boosted its holdings in shares of Marriott International by 845.5% during the first quarter. Roble Belko & Company Inc now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares during the period. Hantz Financial Services Inc. acquired a new position in Marriott International in the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC purchased a new stake in Marriott International in the 2nd quarter worth approximately $28,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Marriott International during the 1st quarter valued at $29,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

Marriott International Price Performance

Marriott International stock opened at $247.38 on Wednesday. The firm’s fifty day moving average price is $229.54 and its 200 day moving average price is $237.69. The company has a market capitalization of $70.66 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 5.34 and a beta of 1.59. Marriott International has a 12-month low of $180.75 and a 12-month high of $260.57.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.01. Marriott International had a negative return on equity of 239.60% and a net margin of 12.01%. The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the business posted $2.26 earnings per share. Marriott International’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts forecast that Marriott International will post 9.37 earnings per share for the current fiscal year.

Marriott International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, August 16th. Marriott International’s dividend payout ratio is 26.01%.

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.