Brokerages Set Marriott International, Inc. (NASDAQ:MAR) PT at $269.65

Marriott International, Inc. (NASDAQ:MAR) has been given a consensus rating of “Hold” by the twenty research firms that are currently covering the firm, Marketbeat reports. Fourteen investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $269.65.

Several analysts have weighed in on MAR shares. Mizuho boosted their price objective on Marriott International from $233.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Macquarie restated a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a report on Tuesday, November 5th. 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 report on Thursday. Bank of America increased their price target on Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Robert W. Baird lifted their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th.

Insider Buying and Selling at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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. The trade was a 7.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last 90 days. 12.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. PointState Capital LP bought a new stake in shares of Marriott International during the 3rd quarter worth approximately $98,249,000. Canoe Financial LP bought a new stake in Marriott International during the third quarter worth $77,331,000. International Assets Investment Management LLC grew its position in shares of Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after acquiring an additional 300,543 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Marriott International by 36,856.7% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 241,327 shares of the company’s stock worth $58,346,000 after purchasing an additional 240,674 shares during the last quarter. Finally, AXA S.A. raised its holdings in shares of Marriott International by 133.4% in the 2nd quarter. AXA S.A. now owns 221,045 shares of the company’s stock valued at $53,442,000 after purchasing an additional 126,323 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.

Marriott International Trading Up 0.3 %

Shares of NASDAQ MAR opened at $275.28 on Friday. Marriott International has a 1-year low of $204.55 and a 1-year high of $295.45. The company has a 50-day moving average of $281.01 and a two-hundred day moving average of $253.84. The company has a market cap of $76.50 billion, a PE ratio of 28.80, a P/E/G ratio of 5.47 and a beta of 1.58.

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

Marriott International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 21st. Marriott International’s payout ratio is presently 26.36%.

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.