Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Price Target at $249.41

Shares of Marriott International, Inc. (NASDAQ:MAR) have been assigned an average rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $256.39.

Several research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Marriott International from $238.00 to $261.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Evercore ISI raised their price objective on Marriott International from $245.00 to $270.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Truist Financial dropped their target price on shares of Marriott International from $263.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Marriott International from $235.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, BMO Capital Markets increased their price objective on shares of Marriott International from $240.00 to $255.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd.

Marriott International Price Performance

Shares of MAR stock opened at $262.12 on Friday. Marriott International has a 1-year low of $180.75 and a 1-year high of $266.58. The company has a market cap of $74.87 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 6.36 and a beta of 1.59. The stock’s fifty day moving average price is $243.35 and its 200 day moving average price is $238.75.

Marriott International (NASDAQ:MAR) last posted its earnings results 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. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.47 billion. Marriott International had a net margin of 12.01% and a negative return on equity of 239.60%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 earnings per share. As a group, equities research analysts anticipate that Marriott International will post 9.37 earnings per share for the current year.

Marriott International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, August 16th. Marriott International’s dividend payout ratio is currently 26.01%.

Hedge Funds Weigh In On Marriott International

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