Marriott International, Inc. (NASDAQ:MAR) Declares Quarterly Dividend of $0.67

Marriott International, Inc. (NASDAQ:MAR - Get Free Report) announced a quarterly dividend on Monday, May 12th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.67 per share on Monday, June 30th. This represents a $2.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. This is a 6.3% increase from Marriott International's previous quarterly dividend of $0.63.

Marriott International has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Marriott International to earn $11.70 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 21.5%.

Marriott International Stock Performance

Shares of NASDAQ MAR traded up $13.99 during mid-day trading on Monday, reaching $271.96. The company had a trading volume of 2,550,991 shares, compared to its average volume of 1,922,928. The company has a market capitalization of $74.49 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 3.42 and a beta of 1.39. The stock has a fifty day moving average of $237.89 and a two-hundred day moving average of $266.44. Marriott International has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.07. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.19 billion. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. Sell-side analysts forecast that Marriott International will post 10.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore ISI upgraded shares of Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 target price on the stock in a research note on Tuesday, February 4th. BMO Capital Markets boosted their target price on shares of Marriott International from $250.00 to $265.00 and gave the company a "market perform" rating in a research note on Wednesday, May 7th. Robert W. Baird lifted their price target on Marriott International from $250.00 to $265.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Mizuho cut their price target on Marriott International from $293.00 to $285.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Wells Fargo & Company dropped their price objective on Marriott International from $285.00 to $277.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Thirteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Marriott International currently has an average rating of "Hold" and an average price target of $276.60.

Insider Activity

In other news, Director Susan C. Schwab sold 1,054 shares of the 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 sale, the director now owns 4,551 shares of the company's stock, valued at approximately $1,262,811.48. This represents a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kathleen K. Oberg sold 14,498 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $278.07, for a total value of $4,031,458.86. Following the completion of the sale, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at $3,971,395.74. The trade was a 50.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. Company insiders own 10.68% of the company's stock.

Institutional Investors Weigh In On Marriott International

An institutional investor recently raised its position in Marriott International stock. Brighton Jones LLC raised its position in shares of Marriott International, Inc. (NASDAQ:MAR - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,887 shares of the company's stock after acquiring an additional 218 shares during the period. Brighton Jones LLC's holdings in Marriott International were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.

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