Marriott International (NASDAQ:MAR) Price Target Increased to $255.00 by Analysts at BMO Capital Markets

Marriott International (NASDAQ:MAR) had its target price increased by BMO Capital Markets from $240.00 to $255.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a market perform rating on the stock.

MAR has been the topic of a number of other reports. Truist Financial decreased their target price on Marriott International from $263.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Sanford C. Bernstein upgraded Marriott International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $247.00 to $262.00 in a research note on Thursday, August 29th. JPMorgan Chase & Co. upped their target price on Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price objective on Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a report on Thursday, August 1st. Finally, Bank of America upped their price objective on Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Marriott International currently has a consensus rating of “Hold” and a consensus price target of $255.16.

Marriott International Stock Performance

NASDAQ:MAR opened at $265.50 on Tuesday. Marriott International has a 52-week low of $180.75 and a 52-week high of $266.58. The firm has a market cap of $75.83 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 6.15 and a beta of 1.59. The business’s fifty day moving average is $240.93 and its 200 day moving average is $238.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $2.50 earnings per share (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 company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the company posted $2.26 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts predict that Marriott International will post 9.37 EPS for the current fiscal year.

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bangor Savings Bank increased its position in Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Marriott International during the 2nd quarter valued at approximately $26,000. MFA Wealth Advisors LLC bought a new position in Marriott International during the 2nd quarter valued at approximately $28,000. Annapolis Financial Services LLC bought a new position in Marriott International during the 1st quarter valued at approximately $34,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Marriott International during the 2nd quarter valued at $35,000. Institutional investors own 70.70% of the company’s stock.

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, City Express by Marriott, and St.