Marriott International, Inc. (NASDAQ:MAR) Given Average Rating of "Hold" by Analysts

Shares of Marriott International, Inc. (NASDAQ:MAR - Get Free Report) have been given a consensus rating of "Hold" by the twenty-one ratings firms that are currently covering the stock, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $272.75.

A number of equities analysts have weighed in on MAR shares. Evercore ISI raised Marriott International from an "in-line" rating to an "outperform" rating and set a $330.00 price objective on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their target price on shares of Marriott International from $285.00 to $277.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group dropped their price objective on Marriott International from $295.00 to $226.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Mizuho reduced their target price on shares of Marriott International from $293.00 to $285.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Melius Research raised Marriott International to a "strong-buy" rating in a research report on Monday, April 21st.

Insider Transactions at Marriott International

In other news, Director Susan C. Schwab sold 1,054 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $277.48, for a total value of $292,463.92. Following the sale, the director now directly owns 4,551 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of the business'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 transaction, the chief financial officer now directly owns 14,282 shares of the company's stock, valued at approximately $3,971,395.74. This trade represents a 50.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,694 shares of company stock valued at $8,938,132 in the last ninety days. 10.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marriott International

Large investors have recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. purchased a new position in shares of Marriott International in the 4th quarter worth about $25,000. Bernard Wealth Management Corp. acquired a new stake in Marriott International in the fourth quarter valued at $25,000. Bell Investment Advisors Inc lifted its position in shares of Marriott International by 112.2% during the fourth quarter. Bell Investment Advisors Inc now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Marriott International by 494.4% in the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company's stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Marriott International during the first quarter worth $30,000. 70.70% of the stock is currently owned by hedge funds and other institutional investors.

Marriott International Trading Up 1.6 %

MAR stock opened at $255.99 on Thursday. The business's 50-day moving average is $238.51 and its 200 day moving average is $266.43. Marriott International has a 12-month low of $204.55 and a 12-month high of $307.52. The stock has a market cap of $70.64 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 3.42 and a beta of 1.39.

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

Marriott International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 27th were issued a $0.63 dividend. The ex-dividend date was Thursday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. Marriott International's dividend payout ratio is currently 30.29%.

About Marriott International

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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