Brokerages Set Marriott International, Inc. (NASDAQ:MAR) Target Price at $242.19

Shares of Marriott International, Inc. (NASDAQ:MAR) have received an average rating of “Hold” from the sixteen analysts that are covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $242.19.

A number of brokerages have recently weighed in on MAR. Argus boosted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Mizuho lifted their target price on shares of Marriott International from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company decreased their target price on shares of Marriott International from $250.00 to $248.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Susquehanna began coverage on shares of Marriott International in a research note on Friday, June 21st. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Robert W. Baird lifted their target price on shares of Marriott International from $248.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd.

Marriott International Price Performance

Shares of Marriott International stock opened at $255.11 on Friday. Marriott International has a 1 year low of $180.75 and a 1 year high of $260.57. The firm has a market cap of $72.86 billion, a PE ratio of 26.33, a PEG ratio of 4.57 and a beta of 1.60. The company has a 50 day simple moving average of $238.36 and a two-hundred day simple moving average of $241.01.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. As a group, research analysts anticipate that Marriott International will post 9.55 earnings per share for the current year.

Marriott International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 24th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, May 23rd. This is a boost from Marriott International’s previous quarterly dividend of $0.52. Marriott International’s payout ratio is 26.01%.

Institutional Trading of Marriott International

A number of hedge funds have recently modified their holdings of MAR. Bangor Savings Bank boosted its holdings in shares of Marriott International by 131.1% during the 2nd quarter. Bangor Savings Bank now owns 104 shares of the company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Roble Belko & Company Inc boosted its holdings 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 valued at $26,000 after buying an additional 93 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Marriott International by 72.6% during the 4th quarter. ORG Partners LLC now owns 126 shares of the company’s stock valued at $29,000 after buying an additional 53 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Marriott International in the 1st quarter worth about $29,000. Finally, Keener Financial Planning LLC bought a new position in Marriott International in the 4th quarter worth about $30,000. Institutional investors own 70.70% of the company’s stock.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.