Marriott International, Inc. (NASDAQ:MAR) Receives $284.05 Average Price Target from Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have received an average rating of “Hold” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $284.05.

MAR has been the subject of several recent analyst reports. Macquarie reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Argus raised their target price on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Wells Fargo & Company cut their price target on shares of Marriott International from $285.00 to $277.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group raised their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird increased their target price on shares of Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th.

Insider Transactions at Marriott International

In related news, EVP Rena Hozore Reiss sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $286.65, for a total value of $1,003,275.00. Following the sale, the executive vice president now directly owns 24,733 shares of the company’s stock, valued at $7,089,714.45. This trade represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan C. Schwab sold 1,054 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the transaction, the director now directly owns 4,551 shares of the company’s stock, valued at approximately $1,262,811.48. This represents a 18.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,694 shares of company stock valued at $8,938,132. 10.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MAR. FMR LLC grew its holdings in shares of Marriott International by 0.8% in the fourth quarter. FMR LLC now owns 6,973,897 shares of the company’s stock worth $1,945,299,000 after purchasing an additional 56,978 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Marriott International by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,026,529 shares of the company’s stock valued at $1,398,321,000 after purchasing an additional 60,458 shares during the period. Capital International Investors boosted its position in shares of Marriott International by 0.3% during the fourth quarter. Capital International Investors now owns 4,720,306 shares of the company’s stock valued at $1,316,682,000 after purchasing an additional 15,923 shares in the last quarter. Wellington Management Group LLP grew its stake in Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the period. Finally, Invesco Ltd. lifted its position in Marriott International by 17.4% during the fourth quarter. Invesco Ltd. now owns 3,469,070 shares of the company’s stock valued at $967,662,000 after buying an additional 512,963 shares during the period. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 1.7 %

NASDAQ MAR opened at $282.16 on Friday. The firm has a market capitalization of $77.79 billion, a P/E ratio of 33.91, a PEG ratio of 3.42 and a beta of 1.57. The business has a fifty day simple moving average of $283.31 and a 200 day simple moving average of $266.41. Marriott International has a 12 month low of $204.55 and a 12 month high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. As a group, sell-side analysts predict that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 27th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 27th. Marriott International’s payout ratio is 30.29%.

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.