Barclays Lowers Marriott International (NASDAQ:MAR) Price Target to $236.00

Marriott International (NASDAQ:MAR - Free Report) had its target price trimmed by Barclays from $283.00 to $236.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group cut their target price on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus lowered their target price on shares of Marriott International from $295.00 to $240.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Truist Financial decreased their price objective on shares of Marriott International from $308.00 to $300.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Finally, Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a report on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $273.10.

Marriott International Trading Down 0.0 %

MAR traded down $0.06 on Tuesday, hitting $236.20. 1,989,799 shares of the stock traded hands, compared to its average volume of 1,578,669. The firm has a market capitalization of $65.18 billion, a PE ratio of 28.39, a P/E/G ratio of 3.42 and a beta of 1.42. Marriott International has a 52 week low of $204.55 and a 52 week high of $307.52. The business has a fifty day moving average price of $244.16 and a two-hundred day moving average price of $267.41.

Marriott International (NASDAQ:MAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, equities research analysts forecast that Marriott International will post 10.1 EPS for the current fiscal year.

Marriott International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 27th were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. Marriott International's dividend payout ratio is presently 30.29%.

Insiders Place Their Bets

In other Marriott International news, CFO Kathleen K. Oberg sold 14,498 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the completion of the transaction, the chief financial officer now owns 14,282 shares of the company's stock, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 1,054 shares of Marriott International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $277.48, for a total transaction of $292,463.92. Following the completion of the sale, the director now owns 4,551 shares in the company, valued at $1,262,811.48. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,694 shares of company stock worth $8,938,132. Company insiders own 10.68% of the company's stock.

Institutional Investors Weigh In On Marriott International

A number of large investors have recently added to or reduced their stakes in MAR. Hopwood Financial Services Inc. acquired a new stake in shares of Marriott International during the 4th quarter worth about $25,000. Bernard Wealth Management Corp. bought a new stake in shares of Marriott International during the fourth quarter worth approximately $25,000. Bell Investment Advisors Inc grew its position in shares of Marriott International by 112.2% in the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock worth $30,000 after purchasing an additional 89 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in Marriott International in the 4th quarter valued at $33,000. 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.