Marriott International (NASDAQ:MAR) Price Target Increased to $270.00 by Analysts at Evercore ISI

Marriott International (NASDAQ:MAR) had its price target hoisted by Evercore ISI from $245.00 to $270.00 in a research note published on Monday, Benzinga reports. They currently have an in-line rating on the stock.

A number of other analysts have also recently commented on MAR. Deutsche Bank Aktiengesellschaft cut their target price on shares of Marriott International from $222.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Barclays boosted their target price on shares of Marriott International from $240.00 to $251.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. UBS Group cut their target price on shares of Marriott International from $267.00 to $244.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a research note on Friday, August 2nd. Finally, Robert W. Baird set a $258.00 price objective on shares of Marriott International in a research note on Thursday, October 17th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International has a consensus rating of “Hold” and a consensus target price of $256.39.

Marriott International Stock Performance

MAR opened at $257.82 on Monday. Marriott International has a fifty-two week low of $180.75 and a fifty-two week high of $266.58. The company has a fifty day moving average of $241.75 and a two-hundred day moving average of $238.66. The stock has a market capitalization of $73.64 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 6.15 and a beta of 1.59.

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

Marriott International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 16th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 0.98%. Marriott International’s payout ratio is 26.01%.

Hedge Funds Weigh In On Marriott International

Several institutional investors and hedge funds have recently bought and sold shares of the company. BDF Gestion acquired a new position in shares of Marriott International in the 2nd quarter worth approximately $3,013,000. CWM LLC lifted its holdings in shares of Marriott International by 518.7% in the 2nd quarter. CWM LLC now owns 47,519 shares of the company’s stock worth $11,489,000 after acquiring an additional 39,839 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Marriott International during the 2nd quarter worth approximately $3,844,000. Wealth Enhancement Advisory Services LLC boosted its position in Marriott International by 1.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,751 shares of the company’s stock valued at $9,611,000 after buying an additional 753 shares during the period. Finally, Concord Investment Counsel Inc. purchased a new position in Marriott International in the 1st quarter valued at approximately $5,879,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.